The UK’s services sector showed slow-down in December according to the monthly services purchasing managers' index (PMI), with PMI falling to a six month low of 58.8.

The slowdown in activity saw the services sector underperform against analyst predictions, who had expected a continuation of Novembers PMI of 60.

Despite the underperformance, the PMI shows continued growth with expectations of further growth in 2014, with businesses seeking to expand while banks are still lending.

UK services sector reports strong growth