FOREX TradingCharts.com

Financial News: UK Service Sector Growth Close To Stagnation

UK Service Sector Growth Close To Stagnation

07/03/2019 - 04:58:00 (RTTNews)

(RTTNews) - UK service sector activity moved close to stagnation in June, data from IHS Markit showed Wednesday.

The IHS Markit/ Chartered Institute of Procurement & Supply services Purchasing Managers' Index fell to 50.2 in June from 51.0 in May. This was the lowest reading for three months.

Economists had forecast the score to remain unchanged at 51.0.

The reading was only fractionally above the 50.0 no-change mark and therefore signaled that business activity was close to stagnation in June, Markit said.

The latest survey also revealed subdued client demand and a further reduction in work-in-hand. Nonetheless, staffing numbers picked up at the fastest pace since August 2017.

Service providers remained optimistic overall about their growth prospects for the year ahead.

The all sector output index fell to 49.2 in June from 50.7 in May. The indicator signaled a reduction in overall private sector business activity for the first time in 35 months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Swiss M3 Rises Most Since January 2018 (04 min(s), 04 sec(s) ago)
(RTTNews) - Switzerland's broad money supply grew the most since January 2018, data from the S ...Full Story»

Iceland Inflation At 4-Month Low (01 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story»

Hong Kong Inflation Accelerates In June (01 hr(s), 40 min(s), 04 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story»

Taiwan Jobless Rate Rises In June (01 hr(s), 41 min(s), 04 sec(s) ago)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story»

UK Households Remain Upbeat About Future Finances (01 hr(s), 47 min(s), 04 sec(s) ago)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story»

Estonia Producer Price Inflation Slows In June (05 hr(s), 34 min(s), 04 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story»

Dutch Consumer Confidence Improves In July (05 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved in July, data from the Central Bureau of Statistics ...Full Story»

World Bank Says Afghanistan Growth To Improve Despite Headwinds (06 hr(s), 49 min(s), 04 sec(s) ago)
(RTTNews) - Afghanistan's economic growth is expected to improve this year with easing of drou ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Swiss M3 Rises Most Since January 2018

07/22/2019 - 07:25 AM (RTTNews)
(RTTNews) - Switzerland's broad money supply grew the most since January 2018, data from the S ...Full Story>>

Iceland Inflation At 4-Month Low

07/22/2019 - 05:51 AM (RTTNews)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story>>

Hong Kong Inflation Accelerates In June

07/22/2019 - 05:49 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story>>

Taiwan Jobless Rate Rises In June

07/22/2019 - 05:48 AM (RTTNews)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story>>

UK Households Remain Upbeat About Future Finances

07/22/2019 - 05:42 AM (RTTNews)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.