UK PMI composite fall to 49.9, slips into contraction as post-budget sentiment worsens

UK economic activity weakened in November, with the Composite PMI falling from 51.8 to 49.9, its first contraction in 13 months. Manufacturing PMI declined to a 9-month low of 48.6, down from 49.9, while Services PMI hit a 13-month low at 50.0, down from 52.0. Chris Williamson of S&P Global Market Intelligence noted that businesses […]

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