Markit/CIPS Services PMI (Jan.)

The headline index of the Markit/CIPS services survey in January suggests that the slowdown which began in Q4 worsened at the start of Q1. And worries about future demand now appear to be seeping into hiring decisions, which may start to weigh on employment growth. However, if a Brexit deal is agreed, there should be a substantial amount of pent up demand ready to give GDP growth a boost.

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