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UK Service Sector Growth Eases On Weak New Orders

Britain’s service sector expanded at a slower pace in June as new order growth hit a nine-month low, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Wednesday. The services Purchasing Managers’ Index dropped slightly more-than-expected to 53.4 from 53.8 in May. Economists had expected a 53.5 reading.
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