UK’s key services sector near worst level since 2009, PMI shows
The all-sector PMI remained below 50 for a third month in a row for the first time since 2009
05 November 2019 - 19:02
London — Britain’s economy got off to a weak start to the final quarter of 2019, according to surveys which showed the giant services sector stagnated in October, with concerns about Brexit depressing new orders, while consumers stayed cautious.
Britain had been due to leave the European Union on October 31 which prompted limited stockpiling by businesses and households. But Brexit has now been delayed until January 31, with an election on December 12 raising further uncertainty...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.