UK services sector stagnates in June - BBC News

It looks as though Britain's economy shrank in the second quarter with news that the services economy barely grew in June against a backdrop of worries over Brexit.

Carefully watched data from IHS Markit/CIPS, who survey purchasing managers, say their index fell to 50.2 in June, below the 51 that had been expected, which would have seen growth remain flat.

Equivalent surveys for manufacturing and construction published earlier this week showed that those sectors contracted in June, meaning Britain's economy overall probably shrank by 0.1% in the second quarter, according to IHS/CIPS.

"The latest downturn has followed a gradual deterioration in demand over the past year as Brexit-related uncertainty has increasingly exacerbated the impact of a broader global economic slowdown," Chris Williamson, chief business economist at IHS Markit, said.

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