The UK service sector growth weakened in August as Brexit-related worries curbed spending, raising the likelihood of the economy entering a recession in the third quarter, data from IHS Markit revealed Wednesday.
The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index fell more-than-expected to 50.6 in August from 51.4 in July. The reading was forecast to drop to 51.0.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com