Economics
U.K. Services Accelerate as Domestic Demand Drives Growth
- Sector expands at fastest pace in four months in November
- Surveys show economy set to grow 0.6% in final quarter
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A U.K. services gauge rose more than economists forecast in November as new business picked up.
Markit Economics’ purchasing-managers’ index rose to 55.9 -- indicating the fastest pace of growth in four months -- from 54.9 in October. Economists in a Bloomberg survey had forecast a reading of 55.