Economics
U.K. Economy Shrinks Most on Record Amid Coronavirus Lockdown
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The U.K. economy contracted at the fastest pace in at least 20 years this month as the coronavirus lockdown brought commerce to a standstill.
IHS Markit’s Purchasing Managers Index for output fell to 12.9 from 36 in March. Services shrank at a faster pace than manufacturing, though all readings were at a record low.