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Contraction of the Private Sector Economy Slackened in November; BLOM PMI inched up to 46.2

06 December 2017

Despite the persisting declines in the levels of output and new work, contraction within the private sector economy soothed in November. Although employment levels kept on deteriorating, the rate at which businesses reduced their staff numbers was the slowest in nine months, which could have been partly behind the improving reading of BLOM PMI during the month of November.

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