Tastes Great! Less Fillin ... er ... Less Growth! More inflation!
* The overall index dropped to 52.4 in March from 54.3 a month earlier. How bad is 52.4? It's the lowest reading in almost four years!
* New orders dipped to a 7-month low of 53.8 from 54.8 in February. The employment index sank to 50.8 from 52.2. That leaves it at the lowest level since July 2004.
* At the same time, the prices paid index shot up to 63.3 from 53.8. That leaves this key inflation gauge at its highest level since August.