a faster economic expansion
PMI Manufacturing reflected an
expanding economic activity in May with an index of 59.80,
significantly up from April 2012 by 4.09 index points. The
same uptrend was observed in the PMI Retail/Wholesale with an increase
of 1.73. A steady performance of the PMI Services Index was exhibited
and still in a growth mode posting an index above the growth threshold.
An index above 50 indicates economic expansion and an index below 50 implies contraction.
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