NewsBot
05-Sep-22, 21:40
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Britain's Economy Could Be Falling Into Recession As Energy Prices Spiral
The UK economy shrank in August, in a sign that Britain's economy could be falling into recession as energy prices spiral. The composite Purchasing Managers' Index (PMI), which covers UK service firms and factories, has fallen into contraction territory, due to a "severe and accelerated drop in UK manufacturing output" and a slowdown in the services sector. [Read Full Article (https://caithness-business.co.uk/article/17661)]
Britain's Economy Could Be Falling Into Recession As Energy Prices Spiral
The UK economy shrank in August, in a sign that Britain's economy could be falling into recession as energy prices spiral. The composite Purchasing Managers' Index (PMI), which covers UK service firms and factories, has fallen into contraction territory, due to a "severe and accelerated drop in UK manufacturing output" and a slowdown in the services sector. [Read Full Article (https://caithness-business.co.uk/article/17661)]