U.K. August services PMI plunges to 51.1 (54.0 forecast) from 54.4 in July, the steepest fall...

|By:, SA News Editor

U.K. August services PMI plunges to 51.1 (54.0 forecast) from 54.4 in July, the steepest fall since April 2001. "As the sector clings onto growth, purchasing managers are also suffering from a wavering trend in new business," says the Chartered Institute of Purchasing. Pound -0.6% vs. dollar. (PR)