U.K. | 25 July. 2016 Should We Believe the Downbeat PMI?
Last week's news that the composite PMI collapsed to 47.7 in July--its lowest level since April 2009--from 52.4 in June is the first clear indication that the U.K. is heading for a recession.
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By Samuel Tombs
Last week's news that the composite PMI collapsed to 47.7 in July--its lowest level since April 2009--from 52.4 in June is the first clear indication that the U.K. is heading for a recession.
Posted: 25th Jul 2016 in 'U.K.'
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