UK heading for double-dip recession this winter - PMI
LONDON (Reuters) - Britain looks on course to enter a double-dip recession this winter, as business surveys show economic growth almost halted last month even before the latest England-wide lockdown was announced, financial data company IHS Markit said.
The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) fell to a four-month low of 51.4 in October from 56.1 in September, closer to the 50 mark that represents zero growth than an initial reading of 52.3.
- Read more about UK heading for double-dip recession this winter - PMI
- Log in or register to post comments