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Italy March manufacturing PMI 55.1 vs 55.4 expected

04 April, 2018, 02:07 | Author: Kristi Dunn
  • China's Manufacturing Growth Slows to Four-Month Low

An index reading of above 50 indicates an overall increase in economic activity and below 50 an overall decrease.

The higher PMI reading was attributed to a faster expansion in factory output, inventory, new orders and new exports.

EUR/GBP Exchange Rate Slumps after Eurozone Manufacturing SlowdownOn the other side of the pairing, the Euro to Pound exchange rate has fallen following a set of negative Eurozone manufacturing PMI releases.

Manufacturing in the United States has seen its strongest growth in three years, despite political and trade tensions that might seem to indicate otherwise.

Though new export orders rose during March, Dodhia said, "On a negative note, further advances in trade disputes could potentially weigh on sales to global clients".

India's manufacturing activity expanded at the weakest pace in five months in March, survey figures from IHS Markit showed Tuesday. "PMI employment data gave warning signs in the labour market", Dodhia said, adding that "manufacturers operating in consumption and intermediate market groups signalled no appetite for recruitment".

Growth in new export business, meanwhile, slipped to a 15-month low.

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The President of CIER Wu Chun-shu (吳中書) said part of the reason for the gains in March was due to a higher number of working days following the week long holiday period in February.

"Overall, the manufacturing PMI reading in March showed that demand was not as strong as expected, leading to lower willingness of manufacturers to produce and restock".

March saw a further increase in input costs.

"The outlook for manufacturing looks decent on the foreign demand side, but domestic conditions could prove challenging over the coming months", Archer said. Economists forecast the index to fall to 54.7 in March from 55.2 in February.

"The latest PMI survey provided further evidence that United Kingdom manufacturing has entered a softer growth phase so far this year", said Rob Dobson, director at data company IHS Markit.

Although the PMI is positive, it's the lowest in a year; in the last quarter of 2017 the PMI surged by 1,3%.

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