LONDON, Oct 4 - British services companies suffered a less severe downturn in September than first feared, reflecting a surprise fall in inflation and the Bank of England's decision to leave interest rates on hold, a business survey showed on Wednesday.
While marking an eight-month low, it was much better than a preliminary"flash" reading of 47.2 that shocked investors and may have swayed Bank of England officials, a slim majority of whom voted to leave interest rates on hold last month. Tim Moore, economics director at data company S&P Global Market Intelligence, said the services sector remained on a negative trajectory - but noted that some companies were becoming more optimistic about cooling price pressures.
"Worries about elevated borrowing costs and stretched household budgets were nonetheless cited by survey respondents."
France Dernières Nouvelles, France Actualités
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