Global Economic News

UK Private Sector Downturn Slows As Manufacturing Returns To Growth

Largely driven by the manufacturing sector, the downturn in the UK private sector slowed in June after the record weakness seen during the height of the coronavirus lockdown, flash survey data from IHS Markit showed Tuesday.

The IHS Markit/Chartered Institute of Procurement & Supply composite output index rose to 47.6 in June from 30.0 in May. The reading was above economists' forecast of 41.0.

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by RTTNews Staff Writer

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