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MARKET TALK: UK Aug Services PMI Climbs To 57.6

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Intrarea postată de madden

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U.K. service sector purchasing managers index surged to 57.6 in August from 57.0 in July, market sources say. DJN forecast was 56.5. The data follow an unexpected rise in the manufacturing PMI released earlier this week which rose to 56.3 from 55.9 in July. Despite the strength in the indexes the BoE remains poised to keep interest rates on hold at 5.75% when it announces its decision midday Thursday. (IAB)

Copyright ? 2007 Dow Jones & Company, Inc.

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