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UK Private Sector Downturn Worsens On Weak Services Activity

The UK's private sector economy contracted notably in October, largely led by the deterioration in the services sector, flash survey data from S&P Global showed Monday.

The Chartered Institute of Procurement & Supply Composite purchasing managers' index, or PMI, which combines manufacturing and services, dropped to a twenty one-month low of 47.2 from 49.1 in September.

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by Renju Jaya

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