key survey sees uk economy shrinking after brexit vote
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Key survey sees UK economy shrinking after Brexit vote

Arab Today, arab today

Arab Today, arab today Key survey sees UK economy shrinking after Brexit vote

London economy
London - Arab Today

British business activity sank in July to its lowest level since April 2009, a survey showed Friday in the first indication of economic contaction since the shock EU exit vote.

The composite purchasing managers' index (PMI) by Markit research group sank to 47.7 points in July, down from 52.4 in June. A reading under 50 indicates contraction in private sector business activity.

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