Yael Selfin, Economics Director at KPMG comments on the latest Markit/CIPS UK Services PMI data. She said:
“Latest PMI figures for services point at continued strong performance in Q3. However, with employment needs rising and productivity still subdued inflationary pressures could start mounting. So far higher wage demands have coincided with relatively weak prices, but further falls in Sterling would put added pressure on the MPC to raise rates earlier next year.”
Ann Burton, KPMG Press Office
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