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Any reading below zero indicates a contraction.
A reading below zero indicates a contraction.
A reading below 50 indicates a contraction of activity.
Any figure below 50 indicates a contraction in activity.
A figure below 50 indicates a contraction in activity.
It was the first reading below 50, which indicates a contraction, since January.
Similar(39)
The purchasing managers' indices in many emerging markets have fallen below 50, indicating a contraction in manufacturing (see chart 2).The second challenge posed by the weaker yen is the potential deflationary effect.
Wall Street had expected 47, a reading that would indicate a contraction of the manufacturing sector.
The overall index also fell abruptly to a level indicating a contraction in activity.
And the Institute for Supply Management said that its nonmanufacturing index slid to 47.9 in March from 53.9 in February, indicating a contraction in service industries after 13 months of growth.
While the gauge continued to indicate a contraction in manufacturing, the upward movement was seen as a possible sign that manufacturing was beginning to pull out of its earlier slump.
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CEO of Professional Science Editing for Scientists @ prosciediting.com