UK services growth weakest in over three years in April
- Business Activity Index hits 38-month low
- Slowest rise in employment since August 2013
- Input price inflation at 27-month high
UK service sector growth weakened in April, according to the latest PMI® survey data from Markit and CIPS. The rate of expansion slowed for the third time in the past five months, to the weakest since February 2013. Although new business growth picked up slightly, it remained relatively subdued and business optimism was the joint-weakest in over three years.
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