Shrinking Services Sector Fuels Fears of Looming Uk Recession
The Journal › October 04, 2008
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Summary
FEARS of a looming UK recession were fuelled yesterday by a survey showing the UK's dominant services sector shrank at its fastest rate for more than 12 years last month.
The Chartered Institute of Purchasing and Supply's (CIPS) services index - measures overall activity for the industry - was 46 in September.See the full content of this document
Extract
Shrinking Services Sector Fuels Fears of Looming Uk Recession
A reading below 50 signals industry contraction. It is down from 49.2 in August, the biggest drop since th...
See the full content of this document
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