SIJ - Latest PMI Numbers Show Sharp Contractions In Manufacturing Services

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By Stuart Burns

Purchasing Managers Index, or PMI, numbers are at best an estimate of sentiment and an indication of business confidence about the coming months.

But confidence can evaporate like dew in the sunshine.

In today's uncertain world, however, we tend to cling to any data points for a clue on how the economy is faring and what the future may hold.

So when The Economist reported last week on the latest PMIs produced by IHS Markit, we felt it worth reviewing what the data may suggest is to come.

In short,

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