UK service sector growth slowed more-than-expected in January, moving closer to stagnation, as new orders and staffing levels declined amid rising cost pressures and the heightened political uncertainty linked to Brexit.
The CIPS Services Purchasing Managers' Index, or PMI, dropped to 50.1 from 51.2 in December, preliminary data from IHS Markit showed on Tuesday. Economists had forecast a score of 51.
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