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by Peter Barker

LONDON, Aug. 5 (Xinhua) -- The British service sector's strong growth in July revealed in figures Tuesday exceeded the expectations of economists, and more importantly those of the central bank the Bank of England (BOE) for the second half of the year.

The services sector Purchasing Managers' Index (PMI) for July rose to 59.1 from 57.7 in June, beating consensus expectations of 58 and marking an eight-month high (above 50 represents growth).

The strength of the reading not only beat economists' expectations but also the broader expectation of the BOE for a modest slowing in the rate of growth in the second half of 2014 after two quarters of 0.8 percent quarter-on-quarter growth.

The services sector represents just over 75 percent of the economy Jordan 1 Shoes For Sale , and a strong reading indicates continued gross domestic product (GDP) growth at the level of the first half of 2014, perhaps higher.

For BOE policymakers, this will strengthen the case for an earlier start to the "return to normal" path of bank rate rises plotted by bank governor Mark Carney.

Carney has said the "return to normal" will be gradual, and attention at the moment is on when the first rise in over five years from the record low of 0.5 percent will take place.

Economists and markets are split between a November rise and a rise in Spring 2015.

These service sector PMI figures strengthen the case for the former although there are mixed messages in the underlying data.

The BOE’s rate-setting Monetary Policy Committee (MPC) meets Wednesday for a Thursday announcement on rates.

The rate will certainly not rise this month Air Jordan 5 For Sale , nor will the committee extend the quantitative easing program, but attention will be on whether the MPC is split over its decision, according to analysts.

The MPC has been unanimous in keeping the 0.5 percent rate in recent months, but the strength of the economic recovery -- which was labelled as "entrenched" Tuesday by the economic thinktank National Institute for Economic and Social Research (NIESR) -- is likely to divide opinion over future policy.

In addition Air Jordan 6 For Sale , the MPC has now completed its personnel change, with three new members replacing leaving members since June representing a 33 percent change and likely to lead to new opinions being expressed.

However, despite the strength in the headline figures, a gradual slowdown seen in the forward looking indicators -- new orders and expectations -- does point to a slowing of the rate of growth in coming months.

In addition Air Jordan 11 For Sale , there are indications of wage inflation in the index, with index compiler MarkitCIPS reporting "there were reports from companies that a key driver of higher operating costs was an increase in wages."

This could indicate that the slack in the economy is being taken up, and the MPC will be keen to pin down just how fast this process is taking.

Higher wages however will not translate into serious inflationary pressures as wage increases currently lag far behind inflation, according to analysts.

LAGOS Air Jordan 1 For Sale , July 25 (Xinhua) -- An outbreak of cholera has been reported in Nigeria's northwest Kano State, spreading to 11 local councils in the area, a local official said on Friday.

Bello Abubakar of the state ministry of health, who confirmed the outbreak Air Jordan For Sale , advised the people of the state to take preventive measure to check the spread of the deadly disease.

"The outbreak of the disease has been reported in 11 local government areas, hence the need for people to take necessary preventive measures," Abubakar told newsmen.

He stressed the need for the people to take only clean and safe drinkin. Wholesale Jerseys   Wholesale Jerseys   Wholesale MLB Jerseys China   Wholesale College Jerseys China   Soccer Jerseys From China   Adidas NHL Jerseys From China   Baseball Jerseys Online   Hockey Jerseys China   Authentic Jerseys Cheap   Football Jerseys Online