The UK service sector contracted the most since January largely due to subdued demand and cutbacks to non-essential spending among clients, final survey results published by S&P Global revealed on Wednesday.
The Chartered Institute of Procurement & Supply final services Purchasing Managers' Index posted 49.3 in September, down from 49.5 in August. The score remained below the neutral 50.0 threshold for the second month in a row but it was above the flash reading of 47.2.
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by Renju Jaya
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