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PMI Index shows UK service sector growth is at a two year low

6 Nov 2012 12:00 AM | Anonymous

Activity in the UK service sector grew at its slowest pace in almost two years in October, a survey has suggested.

The PMI services index from Markit/CIPS fell to 50.6 from 52.2 in September. Any score above 50 indicates growth.

Growth in new business eased, while employment in the sector fell for the second consecutive month, Markit said.

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