Sales Indexes Fall as Financial Crisis Bites and Inflation Stays High
Most US Sales Managers Indexes (with the exception of the Prices Charged Index) fell in March, some rather sharply. Although all bar one remain over the critical 50 no-growth line, the overall picture for March is somewhat negative.
Crucially, the evidence presented by the March Sales Managers Survey suggests that the Federal Reserve's Interest rate hikes have so far had only a ...