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To: William H Huebl who wrote (5091)9/3/1998 7:41:00 AM
From: Joseph G.  Read Replies (2) | Respond to of 86076
 
UK <<Thursday September 3, 10:32 AM

Service Industry Hit By Economic Slowdown

Evidence that the strong pound and international economic turbulence is beginning to hit the UK's service industry has come in a gloomy new survey.

Growth in the sector fell back for the fifth month in a row to its weakest rate since the influential Chartered Institute of Purchasing and Supply survey began six years ago.

The CIPS survey index of business activity in the service sector fell from 55.9 points in July to 54.3 in August. A figure above 50 indicates expansion, while below 50 indicates contraction. >>