Businesses are increasingly worried about prospects for growth in the services sector, a closely watched survey showed on Tuesday – underlining the dilemma facing the Bank of England’s monetary policy committee as it debates whether to cut rates on Thursday.The survey, conducted by the Chartered Institute of Purchasing and Supply, showed that while the services sector – by far the UK’s single largest – is continuing to grow, businesses are pessimistic about demand.
Service sector frets at growth prospects
Businesses are increasingly worried about prospects for growth in the services sector, a closely watched survey showed on Tuesday – underlining the dilemma facing the Bank of England’s monetary policy committee as it debates whether to cut rates on Thursday.The survey, conducted by the Chartered Institute of Purchasing and Supply, showed that while the services sector – by far the UK’s single largest – is continuing to grow, businesses are pessimistic about demand.