UK Services PMI was down to 53.3 in January from 53.6 in the previous month, a preliminary estimate showed. The latest reading pointed to the weakest pace of expansion in the service sector for 11 months, due to weakness among customer-facing categories such as hospitality and travel. Service sector performance in January was impacted by weakness among customer-facing categories such as hospitality and travel but there were strong recoveries in other areas of activity. The IHS Markit/CIPS UK Composite PMI edged down to 53.4 in January 2022 from 53.6 in the previous month. Manufacturing PMI fell to 56.9 in January of 2022 from 57.9 in December, pointing to the slowest growth in factory activity since February.
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