UK heading for double-dip recession after November slowdown, new figures suggest
The UK’s private sector went into reverse in November as the national lockdown in England ended four months of expansion, according to new data.
The IHS Markit/CIPS Flash UK Composite PMI data showed a reading of 47.4 so far this month. Anything below 50 is seen as a decline in activity. October’s reading at the same point was 52.9 and 56.5 in September.
The downturn was driven by the fastest…
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