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Witnessing a slowdown

According to the survey report by IHS Markit, the market conditions were underwhelming amid a lack of demand at a time of generally higher prices. Broad sector data showed that underlying growth in activity and new work remained strongest in information and communication sector. In contrast, there were falls seen in the finance and insurance and business services categories. Although manufacturers recorded a slightly stronger increase in employment, the rise was insufficient to prevent a slowdown in overall jobs growth, the report said. Latest data showed the net rise in private sector employment was the slowest in over a year.