London analysts: global economic growth is slowing

London financial analysts say that the global economic activity is slowing, but last year's year-end data still indicates a decent growth.

The latest JP Morgan-Markit global services PMI gauge slid to 53.1 from 53.9 in November, signalling the slowest monthly expansion in 11 months. The weak reading left the 2015 average at 53.9, slightly below the 54.1 level seen in 2014.

Like all PMI gauges, a reading of 50 is deemed neutral, indicating that activity has neither accelerated nor decelerated during the month. A figure above 50 signals an expansion while anything below signals that activity levels have declined. (MTI, Kertész Róbert)