UK service sector growth slows
by Heather Stewart from on (#AAX0)
Analysts air concern at weakening performance as key economic driver shows marked slowdown, denting hopes of post-election pickup
Growth in Britain's key services sector appears to have slowed, raising doubts about the economy's ability to bounce back from the weak start to the year.
The key Purchasing Managers Index for May fell to 56.5, down from 59.5 in April. That was well above the 50 that marks expansion, but the weakest reading for four months.
Related: Weak UK service growth - a post-election blip or maybe a warning?
Continue reading...