On Tuesday, as Fraser blogged, we had a record rise in manufacturing activity. Yesterday, there were heartening figures for the construction sector. And, today, the services sector has followed suit, with its strongest showing for eight months. Here's the graph for all three:
Sterling has soared on today's news. So – simmering concerns about debt and inflation aside – it seems like the markets are handling last week's recessionary warnings with a degree of scepticism.