Tuesday, January 6, 2015

UK services growth 19 month low

Services PMI, a leading indicator of growth in the services sector in the UK deflated to 55.8. In the report by CIPS, this is the slowest growth for 19 months in December.

The key points:
- New business and activity both rise at weaker rates, but growth remains above trend.
- Employment continues to increase at marked trend.
- Positive projections for 2015 underpin staff recruitment.

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