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Economy

UK economy flat-lines as Brexit nears, firms cut jobs: PMI

Updated : February 05, 2019 04:23 PM IST

Sterling slipped to near two-week lows against the dollar after a leading gauge of the world's fifth-biggest economy, the IHS Markit/CIPS UK Services Purchasing Managers' Index (PMI), fell to 50.1 in January from 51.2 in December.
That marked the PMI's lowest level since July 2016 and was barely above the 50 mark that separates growth from contraction.
UK economy flat-lines as Brexit nears, firms cut jobs: PMI

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