–Nov Services PMI 52.1 Vs 51.3 In Oct Due New Business
–Markit/CIPS: Survey Points To Stagnation Of Growth In Q4
–Pace Of Job Losses Running At A 15-Month High
LONDON (MNI) – The Markit/CIPS purchasing managers’ services sector
survey saw only anaemic growth through last month, with the headline
activity index reading 52.1, although well above MNI’s median forecast
of 50.7.
Markit/CIPS said that the evidence pointed to stagnating growth
though the final quarter of this year and noted that jobs are being lost
at the fastest pace seen in 15 months.
While the headline reading was up on October’s 51.3 due to “modest
growth of incoming business” – this is being “undermined by difficult
economic climate,” Markit said.
The survey follows the marked contraction seen in manufacturing in
November. The surveys are in line with official forecasts from the Bank
of England, the Office for Budget Responsibility as well as the OECD.
–London newsroom 0044 207 862 7491; email: ukeditorial@marketnews.com
[TOPICS: M$B$$$,MABDS$]
