Economic Buzz: UK Services PMI Drops To 3-Month Low In July

UK service sector PMI dropped to 53.5 in July from 55.1 in June. The index was forecast to drop to 54.7, survey data from IHS Markit showed Friday. However, any reading above 50 indicates expansion in the sector. Service sector growth eased more-than-expected in July to the weakest level in three months.