UK services slow sharply in May, raising concerns about recovery

Growth in Britain's service sector suffered its sharpest slowdown in nearly four years in May, according to a survey which suggested a recent cooling of the economy might last longer than previously thought. Combined with a weak manufacturing figure and a bounce in construction, growth across the three sectors in May was the slowest since December and the second-weakest for two years, Markit said. Britain's economy was probably growing at a quarterly pace of 0.4 percent in May, Markit