Slowing Growth in UK Services Sector Suggests Recovery Losing Steam

The UK services sector hit a three-month low in September, potentially signalling the end of the UK’s growth spurt.  The survey, released by Markit and the Chartered Institute of Purchasing & Supply (CIPS), shows that the purchasing managers’ index (PMI) dropped from 59.7 in August to a six-month low of 58.1 in September.  Continue reading