• UK services rebound

The UK service sector rebounded from its December drop to see activity reach an eight-month high in January, according to the purchasing managers’ survey from Markit/CIPS.

The services PMI activity index rose to 54.5 in January from a 20-month low of 49.7 in December. Chris Williamson, chief economist at Markit, said: "The service sector rebounded in January as the country thawed out from the coldest December in a century. But the underlying trend remains one of only very modest growth, and well down on the strong rate seen in the first half of last year."

See the full release here:
http://www.markiteconomics.com/MarkitFiles/Pages/PressCenter.aspx

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