Monday, September 5, 2011
What next for UK housing?
''Activity in the UK service sector appeared to slow sharply in August, suggesting the economyâ€™s problems have become broader and more acute over the summer. The Markit/CIPS services purchasing managersâ€™ index fell from 55.4 in July to 51.1 in August, a bigger monthly drop than at any time during the last recession. Economists had expected a much smaller decline. The services sector, which includes transport, financial services and hotels and restaurants, accounts for the vast majority of gross domestic product in the UK.''