UK Services Sector Business PMI declined in November

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The business activity index in the UK services sector fell in November to a minimum since July 2016 50.4 points compared to 52.2 points in October, IHS Markit reported. British companies that participated in the IHS Markit survey noted that business and consumer spending, as well as uncertainty about the country's withdrawal from the European Union, had a negative impact on growth in the services sector. The number of new orders rose in November at the slowest pace in almost 2.5 years. Against the background of wage increases, employers were careful in increasing the number of employees, which slowed the employment growth.

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