The flash Markit/HSBC Purchasing Managers’ Index (PMI) fell to 49.6 in January from December’s final reading of 50.5, the first time the measure dropped below 50 since July 2013 when the initial reading came in at 47.7. The January reading is below market expectation of 50.3. A number below 50 signals contraction. “There has been […]

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