Growth in the UK’s closely-watched service sector slowed further in July – by the slowest rate in 13 months.
The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 53.1 in July, dipping from 54.4 in June.
Not only did this represent the lowest level since June last year, it [...]
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity slowed considerably last month to a four-month low.
The index slumped to 54.1 in July from 58.4 in June – suggesting the sector may have peaked.
However, the index is still above the crucial 50 level, which indicates the sector is growing.
“The survey points to [...]
Growth in the UK’s closely-watched service sector slowed in June and hit its lowest level in 10 months.
The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.4 in June, down from 55.4 in May.
Not only did this represent the lowest level since August last year, it was [...]
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index for June remained at around the same pace as May.
The index dipped to 58.4 in June from 58.5 in May – albeit this still represented the highest level since September 2007.
Furthermore, the index is still above the crucial 50 level, which indicates the sector is [...]
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed from its 15-year high in June.
The closely-watched CIPS/Markit manufacturing PMI dipped from 58 in May to 57.5 in June.
The dip suggests the sector’s recovery may have peaked but it is still above the crucial 50 mark, which represents growth, and was [...]
Activity in the UK’s closely-watched service sector slowed in April, hit by the volcanic ash cloud which disrupted businesses.
Furthermore, activity was hit by concerns about the outcome of the general election, according to analysts.
The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 55.3 in April, down [...]