P.M. BRIEFING : Economy Continues Slowdown
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NEW YORK — The U.S. economy continued to slow down in March but at a steadier pace than in the past 10 months, the National Assn. of Purchasing Management reported today.
The Purchasing Managers’ Index stood at 48.8% last month, a better reading than the 48.3% in February. The index was back to its June, 1989, level.
A reading below 50 generally indicates the manufacturing segment of the economy is experiencing a decline in growth. A reading above 50 usually indicates that the manufacturing portion of the economy is expanding.
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