Brexit fears hang over British service economy

Source: Xinhua| 2018-12-06 04:37:33|Editor: Chengcheng

LONDON, Dec. 5 (Xinhua) -- Growth in the British service sector almost ground to a halt in November, according to a survey released on Wednesday.

The IHS Markit/CIPS Services Purchasing Managers' Index (PMI) showed business activity of service sector, which accounts for nearly 80 percent of the UK economy, slipped to 50.4 from 52.2 in October, the lowest figure since July 2016 -- the month after the Brexit referendum.

The latest figure was only slightly above the 50.0 no-change value and therefore pointed to a marginal overall expansion of service sector output, according to the survey.

It found that subdued business and consumer spending had held back growth in November, with businesses noting that heightened Brexit uncertainty had led to delays with clients' business investment decisions.

Softer demand growth and rising staff salaries contributed to more cautious hiring policies in November. A number of survey respondents indicated difficulties in recruiting suitably skilled staff.

"The further decline in the services PMI in November to its lowest level since the panic immediately after the Brexit referendum provides the clearest indication yet that Brexit uncertainty is draining momentum from the economy," said Samuel Tombs, chief UK economist at economic research consultancy Pantheon Macroeconomics.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001376535831
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲国人久久精品 | 亚洲日本乱码字幕综合 | 三级日本理论在线 | 香蕉一区二区三区 | 日本中文字幕一区高清在线 | 亚洲中文色另类欧美小说 |