PMI slips 3.5 points
The Purchasing Managers Index dropped 3.5 points to a still-healthy 56.2 points. Norbert Ore, chair of the Tempe, Ariz.-based Institute for Supply Management's Manufacturing Business Survey Committees said the lower reading for the PMI came from a slowing in the new orders and production indexes.
“We are now 11 months into the manufacturing recovery, and given the robust nature of recent growth, it is not surprising that we would see a slower rate of
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