"The service sector started the second quarter on a weaker note than in the first quarter, but continued to grow at a reasonable pace"- Chris Williamson, chief economist at Markit
U.K. service sector growth slowed in April, Markit Economics data showed on Thursday. The Markit purchasing managers' index fell to 53.3 in April from 55.3 in May. A number above 50 indicates industry expansion.
"The service sector started the second quarter on a weaker note than in the first quarter, but continued to grow at a reasonable pace," said Chris Williamson, chief economist at Markit.
"Companies continued to report rising levels of new business, which helped drive confidence to the highest for over two years. From what we are hearing from panelists, this certainly does not sound like an economy in recession."
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