A drop in purchasing managers index for private services companies signal weak economies in UK and US
Sondra Jahansen
Sep. 3, 2010

The index of purchasing managers for private services companies was at 51.3 in August, down from 53.1 in July. It is at the lowest point since April 2009.

It signifies a massive progressing slowdown in US and UK economies leading to a catastrophic economic recession.

The service sector economy, the main component of economic business growth grew at the weakest pace in 16 months in August. It clearly shows a stagnating economy falling into the clutches of recession.

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The index of purchasing managers for private services companies was at 51.3 in August, down from 53.1 in July. It is at the lowest point since April 2009.
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