Latest PMI figures suggest economic recovery is slowing, with possible knock-on effects on Bank of England interest rate rises

British services companies grew less than expected last month as hiring eased to its slowest pace since March 2014, suggesting the economic recovery weakened at the start of the second half of this year.

Wednesday’s Markit/Cips services purchasing managers’ index (PMI) fell to 57.4 in July from 58.5 in June, undershooting a Reuters forecast for 58.0 but still indicating expansion among services businesses.

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Source: The Guardian Circular Economy RSS