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April service sector activity up for third month in row

APRIL’S service sector activity was up for the third month in a row, according to the latest NCB Services Purchasing Managers Index.

The index stood at 52.2 points in April compared with 52.1 in March – any figure above 50 signals growth.

Companies said increased marketing activity was driving growth.

New business also increased last month with exports playing a key role.

NCB said that although input costs continue to increase in April, the rate of inflation was only slight and the weakest in eight months.