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U.K. service sector growth slows in July: PMI

FRANKFURT (MarketWatch)
Britain's service sector grew at its slowest pace in 19 months in July, according to the Markit/CIPS purchasing managers' index released Friday
The index fell to 51.0 from 51.3 in June
A reading of more than 50 indicates growth in activity
"While we can point to poor weather in early July and disruption caused by the Olympics for the subdued performance, these temporary factors don't tell the full story," said David Noble, chief executive at the Chartered Institute of Purchasing & Supply
Noble said that while temporary influences may change, "the broader economic environment remains downcast."

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