The UK private sector logged a renewed downturn in January as the third lockdown dampened the services economy and trimmed the manufacturing growth, flash survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Friday.
The flash composite output index fell sharply to an eight-month low of 40.6 in January from 50.4 in December.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.