Growth at two-year low

The Daily Telegraph - Business - - Front Page - By Tim Wal­lace

THE economy risks grind­ing to a halt as Brexit un­cer­tainty and a global slow­down grips busi­nesses. Ac­tiv­ity slowed sharply in Novem­ber, ac­cord­ing to the pur­chas­ing man­agers’ in­dex from IHS Markit.

GDP growth could be slashed to just 0.1pc in the fi­nal quar­ter of the year, tum­bling from 0.6pc in the pre­vi­ous quar­ter. The sur­vey in­dex for Bri­tain’s ser­vices sec­tor slowed to 50.4 last month, down from 52.2 in Oc­to­ber. Any score of above 50 in­di­cates growth.

Once man­u­fac­tur­ing and con­struc­tion are taken into ac­count the “all sec­tor” PMI slowed from 52.2 to 51, its weak­est in more than two years.

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