Economy in 'stagnation' in run-up to Halloween Brexit deadline

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Economy in 'stagnation' ahead of Halloween Brexit deadline

The first official reading of the UK economy in the third quarter is due out next week.

Commenting on the PMI findings, the chief business economist at IHS Market, Chris Williamson, said:"The October reading is historically consistent with GDP declining at a quarterly rate of 0.1%, similar to the rate of contraction of GDP signalled by the surveys in the third quarter.

 

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