Cost.co.uk Responds to new Survey Showing Growth in the UK Service Sector

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The UK’s service sector has seen growth over the last year.

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The services is a huge industry in the UK and signs of improvement is very encouraging

According to the BBC, the UK’s service sector grew at its fastest pace for seven months in March, according to a closely watched survey. The Markit/CIP purchasing managers’ index for the sector rose to 52.4 last month from 51.8 in February, with growth described as solid. A figure above 50 indicates expansion.

Markit said this growth was responsible for preventing the United Kingdom from going into a triple dip recession as the service sector accounts for around three quarters of the overall economic activity market.

Chris Williamson, chief economist at Markit, ‘Business activity grew in March at the fastest rate since the Olympics – related upturn seen last August, providing a much needed boost to the economy in the first quarter.’

The news is encouraging for comparison site Cost.co.uk, one of the UK’s most informative sites for a range of sectors including insurance, travel, utilities and money. The site enables consumers to find the best deals on the market and shop around without having to visit various sites and companies. The company is dedicated to providing the latest news and advice to consumers throughout the country and is delighted to hear some good news regarding the economy as a representative explained, ‘Economic growth trickles down to me and you and any signs of improvement is always good news – the services is a huge industry in the UK and signs of improvement is very encouraging.’

Cost.co.uk continues to follow consumer based news, and as always advises customers to shop around before making decisions.

Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.

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Ben Austin
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