Economic Buzz: UK Service Sector Grows At Weakest Pace Since Mid-2016

UK service sector expanded at the weakest pace since July 2016 due to bad weather, survey data from IHS Markit showed Thursday. The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers Index fell more-than-expected to 51.7 in March from 54.5 in February. The score was forecast to drop to 54.0.