Service sector growth slows to six-month low

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GROWTH in the dominant services sector slipped to a six-month low as the pace of economic recovery slowed in December, amid predictions that it will ease off over the year to come.

The reading of 58.8 in the closely-watched Markit/CIPS purchasing managers’ index (PMI) was below expectations, though still well ahead of the 50 level that separates growth from contraction.

It was the second monthly fall in the sector index.

Graham Pearce of KPMG

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