UK Service Sector Contracts More Than Estimated In December

The UK service sector contracted more than initially estimated at the end of 2020 with the downturn overwhelmingly linked to business disruptions, restrictions on trade and temporary closures due to the Covid-19 pandemic, final survey data from IHS Markit showed Wednesday. The final IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index rose to 49.4.Original Article