“Exports showed a drop from last month’s 77.3 to 50.0, a finding that was not unexpected since there had been such a large increase in the previous figure. Imports remained unchanged from last month (50.0).”
“Purchasing Manager’s confidence in the local economy showed very little change from last month. This month 31% of Purchasing Managers forecasted that the local economy will improve in the coming quarter (virtually unchanged from last month’s 29%). Only 16% thought it will be weaker (up slightly from 13%) and the rest (53%) projected that the economy will remain unchanged.
Following are some highlights from this month’s report: