UK PMI composite dropped to 37.1, a recession never seen in modern history

<p>UK PMI Manufacturing dropped to 48.0 in March, down from 51.7, hitting a 3-month low. PMI Services dropped from 53.2 to 35.7, a record low. PMI Composite dropped from 53.0 to 37.1, also a record low. Chris Williamson, Chief Business Economist at IHS Markit, said: &#8220;The surveys highlight how the COVID-19 outbreak has already dealt [&#8230;]</p>
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