UK businesses slip into deepest downturn since 2016 in Nov - flash PMIs
Share:
LONDON (Reuters) - British business suffered its deepest downturn since mid-2016 this month as the approach of a national election exacerbated uncertainty about Brexit, according to a survey which augured badly for the economy.The first "flash" early reading of the IHS Markit/CIPS UK Purchasing Managers' Indexes (PMI) for Britain showed on Friday that the decline in both the services and manufacturing sectors has quickened in November.The readings suggested the world's fifth-biggest economy is..