Global Economic News

UK Service Sector Growth Slows On Coronavirus Outbreak

The UK service sector expanded at a slower pace in February largely due to negative impact on sales from the coronavirus outbreak, final survey data from IHS Markit showed Wednesday.

The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index dropped to 53.2 in February from 53.9 in January. The flash score was 53.3.

This was the second-highest score since September 2018 and above the neutral 50 for the second straight month.

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by RTTNews Staff Writer

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