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Private sector activity in both housing and nonresidential projects fell.
The hope is that private sector activity will thrive in compensation for the shrinking public sector.
The slowdown in services sector activity reflected sluggish growth in new business for companies last month.
With mass unemployment, there is no private sector activity to crowd out.
Industrial activity is flat, but other private sector activity looks strong.
Figures yesterday showed the eurozone's services sector activity shrunk more than originally expected in March.
The ISM's gauge of service-sector activity fell to 54.1, its weakest reading since March.
Greater investment spending, resilient consumer confidence and improving underlying economic conditions are all contributing to increased private sector activity.
Recent events have led to national soul-searching about the ethics that underpin private sector activity and public institutions.
The first was that this was a "Plan for Growth": a raft of measures to kickstart private-sector activity.
"We have had a very long culture of private-sector activity in this country," Khajehpour told me.
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