BBCNEWS World Business Report June 4, 2024 13:31:00
Last month's purchasing managers�* index — a measure of the health of the economy — was 10.9. the figure was well below the 50.3 economists had forecast. faltering activity in the uk was mirrored in the eurozone, where the index fell to a 33—month low of a7. both figures will be closely monitored by bank of england and ecb policymakers ahead of their next interest rate decisions. joining me now is chris williamson, chief business economist at s&p global market intelligence. s&p global is the company behind the pmi data. good to see you. does this mean the uk is heading into a recession...