After hitting a 20-month low in December, the new report indicates that the headline index is now at its highest level since May 2010, rising to 54.5 points from 49.7, while incoming business posted its highest rate of growth since April 2010.
David Noble, chief executive at the CIPS, said the data indicates that December's slump can be largely attributed to the severe weather which affected most of the UK.
"Despite the record high manufacturing figures we saw earlier this week, the services sector is still the powerhouse of the UK economy. It is also encouraging to see that confidence for the year has improved," he explained.
Last week, the Reed Job Index indicated that there were more employment positions, including sales jobs, available in January than the previous month.
In addition, the number of vacancies rose when compared with the index's baseline score of 100 set in December 2009.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News
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