Recession fears as Britain’s services sector contracts

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Recession fears as Britain’s services sector contracts

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10-03-2008, 04:11 PM

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Recession fears as Britain’s services sector contracts

The Chartered Institute for Purchasing and Supply (CIPS) has revealed that Britain’s services sector shrank in September at the fastest rate since records began 12 years ago, adding to fears that a recession is unavoidable. The CIPS index shows service sector activity fell to 46, a figure of less than 50 indicates contraction. The news [...]

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