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UK's economic recovery fades in October as pandemic flares up

Britain’s economic recovery lost more steam this month as a resurgence of the coronavirus pandemic hit the hospitality and transport sectors and prompted a drop in consumer morale, surveys showed on Friday.

UK's economic recovery fades in October as pandemic flares up
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  • Shared by Reuters
  • October 26, 2020
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An early “flash” reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI), a gauge of private sector growth, fell to a four-month low of 52.9 in October from 56.5 in September.

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