UK’s services sector hit by slowdown, but continues to grow

The UK’s service sector is on a three-month growth spree, however new data showed a slowdown between February and March despite record export growth.

The S&P Global/CIPS UK services PMI survey showed a reading of 52.9 last month, down from a score of 53.5 in February. Experts had forecast that the score would hit 52.8.

Any score above 50 means that the sector is growing, according to the survey.