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Macroeconomics  |  August 03, 2012 14:04:00

Growth in UK services activity slowed down to 19 - month low

Private sector services the United Kingdom in July continued moderate growth. Survey Markit Economics and the Chartered Institute said that the index of activity in services growth slowed to 51.0 points from 51.3 points in June and the result fell behind expectations, the majority 51.5 points. Above the neutral level of 50 points to keep the PMI nineteen consecutive months, the July result was the weakest in the period.

Lower growth of temporary factors affecting activity and a very challenging economic environment.In the first half of the month there was bad weather and in some cases distorting the preparations for the Olympic Games. Where there was an increase in activities related to the natural demand for public holidays and new contracts. New orders showed renewed growth after a slowdown in the five-month low in June and employment growth companies retain the seventh month. Backlogs of orders declined for the third month in a row and was the steepest decline since November 2011.

Business confidence remained positive in June, but well below the long-term average, due to the weak macroeconomic environment. Profit margins due to rising input remained under pressure. Companies had to due to competition and customer demands to reduce prices of services for the third month in a row.

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Růst aktivity služeb Velké Británie zpomalil na 19- měsíční minimum

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