The Sinking Feeling Is Everywhere ; Last Week, Surveys On Manufacturing and Non-Retail Services Activity Recorded a Far Sharper Than Expected Fall, Indicating a Contraction in Activity in Both Sectors.

Summary


Last week, surveys on manufacturing and non-retail services activity recorded a far sharper than expected fall, indicating a contraction in activity in both sectors.

In manufacturing, both output and new orders fell sharply and there was a notable drop in the employment index.

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Extract


The Sinking Feeling Is Everywhere ; Last Week, Surveys On Manufacturing and Non-Retail Services Activity Recorded a Far Sharper Than Expected Fall, Indicating a Contraction in Activity in Both Sectors.

In the services PMI it was business expectations and new business...

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