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U.K. Services Firms Start to Crack as Risks to Growth Mount

  • China slowdown, market jitters and `Brexit' cloud outlook
  • Firms' confidence slides to lowest level in three years
Bloomberg business news

U.K. Service PMI Rises to 55.6 as Confidence Falls

Corrected

Confidence at U.K. services companies fell to the lowest in three years last month as a mounting litany of threats took its toll.

While Markit Economics said on Wednesday that its headline activity index for the sector rose in January, indicators of sentiment and order backlogs mean there’s little reason for optimism.