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The report’s key metric, the PMI, at 46.3 (a reading of 50 or higher indicates growth), was down 1.4% compared to February, contracting, at a faster rate, for the fifth consecutive month.
A flawless track record spanning nearly eight decades for this market indicator offers a warning for Wall Street.
NCC Limited has bagged five new orders worth 19.19 bln rupees in March from central and state government, the Hyderabad-based infrastructure company said in an exchange filing today. These include two orders worth 9.52 bln rupees for the company's transportation division, two orders of 7.92 bln rupees for its electrical division, one order of 1.75 bln for the building division.
The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output and new orders as demand strengthened, helping generate new jobs.
The Grand Rapids Area Chamber of Commerce and Kent District Library are joining together to strengthen the chamber’s new Center for Economic Inclusion.