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UK Private Sector Contracts Most Since May

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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by RTTNews Staff Writer

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