IHS Markit warns of recession on scale 'not seen in modern history' as business activity slumps
Flash UK Composite Output Index falls to record low of 37.1
The pandemic dealt the UK economy a more severe blow, according to IHS Markit
The coronavirus outbreak has dealt a "severe blow" to the UK economy, according to the latest IHS Markit/CIPS Flash UK Composite PMI, which showed there had been a record slump in business activity as emergency measures to halt the spread of the virus kicked in.
The data, compiled between 12 to 20 March, revealed the flash UK Composite Output Index fell to a survey record low of 37.1 from 53 in February, while the flash UK Services Business Activity Index registered...
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