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UK Service Sector Downturn Slows In February

The UK service sector output declined only moderately in February after a sharp downturn at the start of 2021, as the third national lockdown has caused limited damage to the economy, results of a closely watched survey showed on Wednesday.
The IHS Markit/Chartered Institute of Procurement & Supply final services Purchasing Managers’ Index rose to 49.5 in February from an eight-month low of 39.
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