'Entering stagflation': The dominant sector of Britain's economy is finally running out of steam after the Brexit vote
Britain's services sector, which accounts for more than 75% of the country's GDP, is starting to run out of steam, following a surge since last June's referendum,
according to the latest PMI data from Markit and CIPS.
The services sector — which includes everything from banking to waitressing — drew a reading of 53.3 in the month, significantly lower than the 54.5 reading in January, and below the forecast 54.2 reading.
"UK service sector firms remained in expansion mode during February, but growth momentum eased further from the 17-month peak seen at the end of 2016," a release from Markit said.