UK Economy Showing Signs of Revival While Europe Struggles
• The UK economy is beginning to revive, according to experts, after growth hit a 6-month high while Europe moved closer to recession
• A rebound in consumer spending tied to expectations for rate cuts and confidence in the economy boosted UK services this month
• Services PMI climbed to 52.7 in December, reaching the highest point since June and indicating growth
• Robust services sector expansion shown by new orders growing for the first time since June
• Difference emerging between strengthening UK economy relative to struggling European economy