Economic data points to looming UK recession

Read More On FT Adviser

The UK will enter a recession within months, according to the latest economic data.

The purchasing managers index data for the services sector of the UK economy, which is about two thirds of GDP, measured 50.6 in August.

Any reading above 50 constitutes growth, but the reading was sharply below the 51.4 recorded in July, and worse than economists had expected.

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