Home UK Services PMI drops to 50.6 in August vs. 51.0 expected (GBP pares gains)

UK Services PMI drops to 50.6 in August vs. 51.0 expected (GBP pares gains)

Updated: 4 Sep. 2019 | 10:32

The UK Services sector activity slowed further its pace of expansion in August, the latest survey report from Markit Economics showed this Wednesday.

The headline seasonally adjusted IHS Markit/CIPS UK Services PMI Index fell to 50.6 in August vs. 51.4 booked in the previous month while missing expectations of 51.0.

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