That stock News

The last Markit/CIPS purchasing managers index (PMI) survey showed services sector recorded a slight decrease of 53.2 in October-November - 53-a reading above 50 indicates growth.

Although now the sector grew by 19 months, growth has slowed in recent months after that that he had been over 55 consecutive months in the middle of the year.

Sector of the loss of jobs for the second month in a row, casts doubt on their ability to compensate the cuts in the public sector.

David Noble, Chief Executive at the AIT, said: "to look for indicators are already signs of instability, with managers stating purchase request for low consumption. It is worrisome because we would expect demand to be higher during the holidays. ?

New business increased its strongest level since June, but has been described as dull and always well below at levels exceeding.

Reported that customers - especially among consumers and the public sector — were reluctant to commit new contracts, account required to the current economic uncertainties and concerns on public sector spending reductions.

Expectations for the future improved slightly, but were much lower levels of optimism in the summer.

Economists warned that the services sector was supposed to make a contribution to economic growth in the fourth quarter of the year.

Paul Smith, Senior Economist survey compilers Markit, said: "this growing sector profile suggests it is unlikely to generate any significant job creation and help offset the job cuts expected in the public sector."

"It is hardly unexpected - the service sector is naturally more exposed to winds in the UK, domestic demand continues to".

View the original article here