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The flash Markit/HSBC Purchasing Managers' Index (PMI) fell dramatically to a lower-than-expected 48.3 this month from 49.5 in January. That is much weaker than most forecasts, and is the lowest reading in seven months. A number below 50 signals contraction. January was the first time the measure dropped below 50 since July 2013. "The below […]

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