Sabtu, 24 Oktober 2020

Latest pandemic curbs stifle recovery | Business - The Times

The economic recovery has been hampered by tighter coronavirus restrictions, prompting fears of a double-dip recession.

Growth has slowed to its weakest pace since the virus led to a national lockdown in the spring, according to a closely watched survey.

The IHS Markit/CIPS UK composite purchasing managers’ index fell shy of economists’ forecasts and dropped to a four-month low of 52.9 in October. It is still above 50, the level that indicates growth, but last month it stood at 56.5.

“The pace of UK economic growth slowed in October to the weakest since the recovery from the national Covid-19 lockdown began,” Chris Williamson, economist at IHS Markit, said. “The weakening is most pronounced in the hospitality and transport sectors, as firms reported falling demand due

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2020-10-23 23:01:00Z
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