Belfast Telegraph

Services sector expands at slowest rate in UK

The UK's services sector expanded at its slowest rate for three months during May, offering more signs today of pressure on economic recovery in the United Kingdom.

With consumer spending power weakened by inflation and low wage growth, today's Markit/CIPS survey, where a reading of above 50 indicates growth, showed activity slowed to 53.8 in May from 54.3 the previous month.