According to the new data, the UK service sector slowed down its growth to its lowest level for five months in September.
Firms, including restaurants, pubs and hotels, were influenced by business customers spent “until the autumn budget” and hesitant about large shopping.
S&P Global UK Services PMI The survey made 50.8 readings for the month, which fell from the height of the last 16-month of 54.2 in August.
Any reading above 50.0 means that the sector is increasing, while any score below means it is contracting.
The closely seen survey was more weak than expected, economists predicted readings of 51.9 for September.
Tim MooreDirector of Economics in S&P Global Market Intelligence said: “UK service providers experienced disappointing ends for the third quarter as weak consumer confidence, delay in business spending decisions and weight falling on the demand of all.
“Business activity expansion hit a five -month low, while the new order benefits were very soft than the 11 -month high in August.
“As a result, the acceleration of this heat in output growth now looks like a flash in the pan as elevated political and economic uncertainty has rejected itself as a barrier to the performance of the service sector.”
Research indicated that many companies saw ease of development due to “economic status” and increased uncertainty.
Nevertheless, other people also quoted that recent investment and expansion efforts helped to produce stronger in September.
Somewhere else, data showed that the upcoming new works increased marginally for the month, while export sales declined after their fastest growth for 10 years in the last month.