Tuesday, 5 July 2016

Service sector now shows signs of a slowdown

Reuters has a report (HERE) showing the service sector of the UK economy fell to a three year low at the end of June, with most data in the PMI index being gathered even before the result of the referendum was known.

The PMI survey, along with similar ones for manufacturing and construction, pointed to economic growth of 0.2 percent in the second quarter down from 0.4 percent in the first three months of 2016. But that was unchanged from its outlook in May.

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