UK services sector growth hits four-month low amid Brexit fears
by Phillip Inman from on (#2VQ1M)
Slump in June completes 'triple whammy' of weak data, reflecting a lack of consumer confidence and political uncertainty
Slowing growth across Britain's services companies in June completed a "triple whammy" of disappointing economic news this week that also saw growth in the construction and manufacturing industries fade in response to Brexit uncertainty and weak consumer confidence.
Activity in the services industry, which accounts for almost 80% of economic activity, fell to a four-month low in June, dragging down the all-sector IHS Markit/CIPS purchasing managers index (PMI) from 54.5 in May to 53.9 in June, the lowest since February.
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