UK Service Sector Growth Weakest In 10 Months

The UK service sector expanded at the slowest pace in ten months in December as the Omicron variant led to a steep fall in spending on face-to-face consumer services and escalated business uncertainty, survey results from IHS Markit showed on Thursday. The services Purchasing Managers' Index fell to 53.6 in December from 58.5 in November. However, the score was above the flash 53.2.