Monday, September 5, 2011

What next for UK housing?

Services surveys point to slowdown

''Activity in the UK service sector appeared to slow sharply in August, suggesting the economy’s problems have become broader and more acute over the summer. The Markit/CIPS services purchasing managers’ 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.''

Posted by hpwatcher @ 11:55 AM (1029 views)
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