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UK Service Sector Contracts Most In 8 Months

The UK service sector contracted the most in eight months in November but the pace of decline was slower than initially estimated, survey results from IHS Markit and Chartered Institute of Procurement & Supply showed Wednesday. The final services Purchasing Managers’ Index fell to 49.3 in November from 50.0 in October. The reading was above the flash reading of 48.6.
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