Signs of Slowdown in Important UK Services Sector?

The U.K. may be heading for its weakest growth in a year, possibly heralding the start of a Brexit-induced slowdown.

IHS Markit’s gauges for manufacturing and the dominant services sector fell in February, with both readings coming in below economists’ median forecasts. While the construction index rose, that wasn’t enough to stop the composite Purchasing Managers Index falling to a six-month low of 53.8 from 55.5.

Markit’s combined surveys point to economic growth of 0.4 percent this quarter, which would be the slowest pace in a year and down from 0.7 percent in the previous three months.

Bloomberg

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