UK retail sales tumble 8.2% during January lockdown; pound hits $1.40 – business live

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UK retail sales fall more than expected despite online splurge, as the public finances record the first January deficit in 10 years; sterling hits $1.40 for first time in nearly three years

The UK downturn was less bad than feared in February, the flash PMI reading from IHS Markit/CIPS suggests. Its composite index, which comprises manufacturing and services, jumped to 49.8 from 41.2 in January, just below the 50 mark that divides expansion from contraction. Services firms fared better, despite the Covid-19 lockdown, while manufacturers were hit by Brexit which has made it harder to export. Flash UK Composite Output Index Feb: 49.

 

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hmmm. the government shutting everything down is BAD?!!? lol. wankers.

Retail is struggling!? Well I’ll be damned!

No shit Sherlock

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