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Recession Red Flag: PMI Warns Of Weaker Demand

We got our first insight into the current economy this week with the S&P Flash Purchasing Managers’ Index (PMI).

One of the most important economic indicators, this index reports on a survey of purchasing managers at factories around the country.

Readings above 50 indicate growth in a country’s manufacturing sector, while readings below 50 indicate contraction.

China’s reading of 49.6 warns that growth is slowing in that country. The U.S. is in a tough spot as well…

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