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Omicron pushes UK business growth to 11-month low

Hospitality, leisure and travel firms feel impact of Covid variant in January

The UK economy grew at its slowest pace in almost a year in January as hospitality, leisure and travel businesses felt the impact of the Omicron variant.

The monthly flash PMI (purchasing managers’ index) estimate of activity from IHS Markit and the Chartered Institute of Procurement and Supply reported a two-speed recovery with an easing of supply-chain bottlenecks for manufacturing offset by weakness in consumer-facing service companies.

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from The Guardian https://ift.tt/3fPL98z
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