UK PMI composite finalized at 41.2, sharp contraction in Q1 but businesses remain confident

<p>UK PMI Services was finalized at 39.5 in January, sharply down from December’s 49.4. PMI Composite was finalized at 41.2, down from prior month’s 50.4, and back below the crucial 50 no-change threshold. Tim Moore, Economics Director at IHS Markit: “While the UK economy is on course to contract sharply during the first quarter of […]</p>
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