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And so there were widespread predictions of sharp rate rises.
He said: "The sharp rate in decline we are experiencing is unprecedented.
On those surveys, a figure of 50 indicates that business is neither getting better nor worse, and figures below 40 show a sharp rate of decline.
Many London-based businesses are facing sharp rate rises, although firms in the Midlands and the north are largely unaffected or are seeing a reduction.
I'd like to think that the ECB is holding frantic meetings and planning to announce a surprise sharp rate cut, preferably to zero, the day after tomorrow.
International networks that carry data into and out of the United States are still being expanded at a sharp rate, but the Internet infrastructure in many other regions of the world is growing even more quickly.
Similar(46)
Expect that number to increase at sharp rates in 2015.
Izenman and Tran ([1], 1990) discussed the uniform consistency and sharp rates of convergence under strong mixing and absolute regularity conditions.
Capacity came under renewed pressure, with backlogs rising at the sharpest rate since May 1997.
Early this month, consumer sentiment dropped by the sharpest rate since August 1990, when Iraq invaded Kuwait.
Output fell at a sharper rate than hours worked, the Labor Department said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com