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Story summary
- The Chicago Purchasing Managers' Index (PMI) fell to 52.8 in March from 57.7 in February, larger than the expected 54.0.
- The PMI still signals growth, but the slower pace raises concerns amid rising inflation, gas prices, and the ongoing Iran war.
- A YouGov/The Economist poll finds 72% of Americans view the economy as fair or poor.
- Weakened employment and production contributed to the decline, while backlogs and deliveries improved.
