UK PMI composite dropped to 40.6 in Jan, sharp contraction in Q1

<p>UK PMI manufacturing dropped sharply to 52.9 in January, down from 57, missed expectation of 53.0, a 7-month low. PMI Services dropped to 38.8, down from 49.4, missed expectation of 45.3, an 8-month low. PMI Composite dropped to 40.6, down from 50.4, an 8-month low. Chris Williamson, Chief Business Economist at IHS Markit, said: “A […]</p>
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