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BLOM PMI Falls to 4-month low in March, Pointing to Sharper Economic Downturn

05 April 2017

Contraction in the private sector’s economy accelerated in March as the BLOM PMI declined to 46.9 points. The index remained below the neutral mark of 50, separating economic contraction from growth, for the 45th successive month. The downturn was mainly on the back of overall deterioration in business conditions especially the fastening declines in companies’ output levels, incoming new orders and new work from abroad.


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