Economics
U.K. Services Index Unexpectedly Falls to Nine-Month Low
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U.K. services growth unexpectedly slowed in March and measures of new business and hiring by companies declined.
A Purchasing Managers’ Index declined to 57.6 from 58.2 in February, Markit Economics said in London today. The median of 34 estimates in a Bloomberg News survey was for an unchanged reading of 58.2. The index remains above the 50 level that divides expansion from contraction.