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Barclays PMI plunges to six-year low

Barclays PMI plunges to six-year low

Photo by Duane Daws

1st December 2015

By: Creamer Media Reporter

  

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The Barclays Purchasing Managers’ Index (PMI) has dropped to its lowest level since 2009, with all major subcomponents below the neutral 50-point mark during November.

The seasonally adjusted PMI plunged from 48.1 index points in October to 43.3 in November.

The new sales orders and business activity indices fell to their lowest level since April, with new sales orders dropping seven points to 43.5 and business activity decreasing from 47.7 index points in October to 41.4 in November.

Further, the employment index fell by 3.3 index points to 40.7 during the month under review.

The PMI also showed a worrying slump in expected business conditions to an almost seven-year low of 43.2 index points.

Edited by Creamer Media Reporter

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