India, Feb. 5 -- The UK service sector growth eased in January as new work declined for the first time since October 2023, survey results from S&P Global showed on Wednesday.
The final services Purchasing Managers' Index registered 50.8 in January, down from 51.1 in December and was also below the flash estimate of 51.2.
Although the data signaled a sustained expansion of activity, the reading was the joint lowest score in 15 months and was also well below the pre-pandemic average. The final composite output index registered 50.6 in January, up fractionally from 50.4 in December. The flash reading was 50.9.
Total services new work fell slightly in January, ending a 14-month sequence of expansion. Global economic uncertainty, elevated int...