UK PMI composite finalized at 50.8, economy to flatline at best

<p>UK PMI Services was finalized at 51.5 in July, down from June’s 53.7. PMI Composite was finalized at 50.8, down from June’s 52.8, sparking concerns over the possibility of an economic stagnation in the coming months. Tim Moore, Economics Director at S&P Global Market Intelligence: “The loss of momentum signalled by service providers in July […]</p>
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