Economy recovering 'at rapid pace'

%VIRTUAL-SkimlinksPromo%The UK economy continues to recover at a "rapid pace" despite growth in the dominant services sector slipping to a seven-month low last month.

The headline reading of 58.3 in the closely watched Markit/CIPS purchasing managers' index (PMI) came in below expectations but was still well ahead of the level of 50 that separates growth from contraction.