The Markit/CIPS purchasing managers' index (PMI) showed activity in UK services recorded the biggest month-on-month rise in the survey’s 20-year history. This followed the biggest drop on record the previous month when businesses were coming to terms with the outcome of June’s referendum. The index rose from 47.4 in July to 52.9 in August. A score above 50 indicates growth. It effectively takes services back to pre-referendum levels, Markit said.To find out all there is to know about this, click here.

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