UK headed for downturn as Brexit worries hammer services

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Reuters
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1554306352731331300
Wed, 2019-04-03 09:49

LONDON: Britain’s economy looks likely to shrink over the coming months, after Brexit worries caused the dominant services sector to contract for the first time in nearly three years, a survey showed on Wednesday.
The IHS Markit/CIPS Purchasing Managers’ Index (PMI), a survey of services ranging from giant banks to high-street hairdressers, tumbled to 48.9 in March from 51.3 in February, weaker than all forecasts in a Reuters poll of economists.

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