UK PMI suffers biggest fall for 4½ years as weakness spreads to services

UK economic growth slowed to its weakest for almost three years in February, according to the latest Markit/CIPS ‘all-sector’ PMI data. At 52.9, down from 56.1 in January, the headline index measuring growth of business activity fell to its lowest since April 2013. The 3.2 index-point slump in the PMI was the largest since August 2011.