UK Services PMI Hits the Lowest Levels Since Feb 2013
The services sector business activity in the UK deteriorated in April, marking a weak start to the second quarter and dropping to the lowest levels since February 2013.
The
Markit/CIPS services PMI index for the British economy decelerated
further, scoring 52.0 in April, down from 53.7 measured in March, and
below estimate of 53.5.
The weaker PMI print underscores further
weakness in the UK economic growth in the short-term, with the
quarterly pace of growth in this sector slowing to 0.6% from 0.8%
measured at the end of last year.
