Brexit uncertainty squeezes UK economy as service sector stagnates– business live

Rolling coverage of the latest economic and financial news

Earlier:

2.57pm GMT

The new business index fell below the 50 mark that divides expansion from contraction for the first time since the survey began a decade ago, signalling a slight drop in new orders. New export orders fell for the third month running and employment also fell.

2.53pm GMT

The stock rally comes despite a survey showing a worsening in business activity in the US services industries. According to the latest IHS Markit US services PMI, out just now, the headline index fell to 50.6 in October from 50.9 in September. This points to the slowest rise in business activity since February 2016.

Continue reading…Rolling coverage of the latest economic and financial newsLatest: US trade deficit shrinks as imports and exports fallUK service sector flatlined in OctoberBritain’s private sector output contracts againFirms lay off staff as new business declinesUK car registrations down 6.7%Earlier:US could roll back recent tariffs on ChinaMacron: Trade war must end 2.57pm GMTThe new business index fell below the 50 mark that divides expansion from contraction for the first time since the survey began a decade ago, signalling a slight drop in new orders. New export orders fell for the third month running and employment also fell. 2.53pm GMTThe stock rally comes despite a survey showing a worsening in business activity in the US services industries. According to the latest IHS Markit US services PMI, out just now, the headline index fell to 50.6 in October from 50.9 in September. This points to the slowest rise in business activity since February 2016. Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *