UK Services PMI contracted for fourth month | RYT9

IHS Markit / CIPS disclosed that the Purchasing Managers Index (PMI) of the UK services sector. Increased to 49.5 in February from 39.5 in January.

However, the PMI remains below 50, indicating that The UK service sector remains in a contraction. Which has contracted for the fourth consecutive month

The PMI was affected by a slowdown in new orders and employment. Amid the coronavirus outbreak But business confidence for the next 12 months has rebounded. From the hope that the economy will recover After broad-spectrum COVID-19 vaccination

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