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Nw : Firms brace for recession as manufacturing slumps

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Remaining Up as a lot as now: Dec 17, 2022, 01: 40 AM IST

Synopsis

S&P World acknowledged its measure of sentiment from purchasing managers was as soon as minute changed at 49 in December, indicating a contraction at some stage in the financial system. That after put next with closing month’s reading of 48.2 and expectations for a descend to 48.

US markets in holding pattern ahead of November jobs reportAP

British corporations are bracing for a worsening recession after both manufacturing and repair sectors slumped in the fourth quarter, prompting the important thing tumble in employment in nearly two years. S&P World acknowledged its measure of sentiment from purchasing managers was as soon as minute changed at 49 in December, indicating a contraction at some stage in the financial system. That after put next with closing month’s reading of 48.2 and expectations for a descend to 48.

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