Latest PMI figures suggest economic recovery is slowing,with possible knock-on effects on Bank of England interest rate risesBritish services companies grew less than expected final month as hiring eased to its slowest pace since March 2014, suggesting the economic recovery weakened at the start of the moment half of this year. Wednesday’s Markit/Cips services purchasing managers’ index (PMI) fell to 57.4 in July from 58.5 in June, and undershooting a Reuters forecast for 58.0 but still indicating expansion among services businesses.
Continue reading...
Source: theguardian.com