Industry & Business

June PMI Shows Growth in Service Sector

June PMI Shows Growth in Service Sector

July 05
09:57 2016

fnd_restaurant-waiter-istock.jpg.rend.snigalleryslideAccording to Investec’s latest Purchasing Managers’ Index, the service sector is experiencing growth. It showed that this sector has been increasing in activity for the past 47 months.

While the service sector is expanding, the travel and leisure sector fell. New businesses rose significantly in the past month as well.

The Brexit has caused economic uncertainty and the rate of job creation has fallen to a 25 month low.

In a survey many stated that they were concerned about how the Brexit would affect their businesses. As the survey was completed before the referendum vote was in it will be interesting to see what the next month’s PMI indicates for these sectors.

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