ECONOMICS COMMENTARY
Jan 04, 2013
UK: Renewed weakness in December PMI surveys rounds off worst quarter for three-and-a-half years
The UK saw a renewed bout of economic weakness at the end of 2012. The all-sector Output Index from the three PMI surveys fell below the 50.0 no change level for the second time in three months in December, dropping from 50.1 in November to 49.9. Over the fourth quarter as a whole, the PMI surveys have signalled the worst performance since the second quarter of 2009.
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