Services growth slows in September
28 August 2012
Activity rose again in the UK services sector in September but it was slower than the previous month, according to the latest purchasing managers' index (PMI) report.
Although the growth in activity, at 54.7, was again robust, the percentage of companies reporting a fall in business almost doubled from 5.2 per cent to 10.2 per cent.
Some companies said trade was slower in their markets. This led to weaker rises in new work (which eased for the sixth consecutive month to reach 55.1) and ultimately a slip in the overall index...