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The index remains 20% higher than a year ago, but is likely to be seen as an indication that companies are battening down the hatches before a contraction in the UK economy this year.
That may be a reason why Poles are returning from Britain, but it hurts Polish exporters.Critics say the government should now do more to reform public finances, especially pensions, and get big infrastructure projects going, before a contraction in the labour force kicks in during the next decade.
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Before the 2011 Tohoku earthquake, a contraction in the east-west direction was observed in northeastern Japan (Sagiya et al., 2000) and the plate interface was estimated to be coupled along the Japan Trench (e.g. Nishimura et al., 2004).
The euro area, it said, probably would remain in recession until early 2013, leading to a contraction in G.D.P. of 0.1 percent next year before growth of 1.3 percent in 2014.
A number below 50 denotes a contraction in the sector.
Anything below 50 signals a contraction in activity.
Though the number topped forecasts, a figure below 50 nonetheless indicates a contraction in manufacturing activity.
Unfortunately a contraction in this sector isn't likely to be popular in the industry.
So, is a contraction in.
However, it showed an improvement against a 16percentt contraction in the second quarter.
But it does have features that we have seen before: A financial crisis caused by a shock to the system followed by a sharp contraction in real activity.
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