Britain’s economic recovery has lost more momentum this month as a resurgence of the coronavirus pandemic hit businesses in the hospitality and transport sectors, a survey showed on Friday. FILE PHOTO: A technician moves the body of a Rolls-Royce Cullinan on the production line of the Rolls-Royce Goodwood factory, near Chichester, Britain, September 1, 2020. REUTERS/Peter Nicholls/File Photo An early “flash” reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI), a gauge of private sector growth, fell to a four-month low of 52.9 in October from 56.5 in September. A Reuters poll of economists pointed to a smaller decline to 53.9. “The pace of UK economic growth slowed in October to the weakest since the recovery from the national COVID-19 lockdown began,” IHS Markit economist Chris Williamson said. “The weakening is most pronounced in the hospitality and transport sectors, as firms reported falling demand […]