UK Preliminary Services PMI steadies at 48.8 in November vs. 48.0 expected UnitedKingdom PMI Manufacturing EconomicIndicator GBPUSD
Meanwhile, the Preliminary UK Services Business Activity Index for November arrived at 48.8 when compared to October’s final print of 48.8 and 48.0 expected.“A further steep fall in business activity in November adds to growing signs that the UK is in recession, with GDP likely to fall for a second consecutive quarter in the closing months of 2022.
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