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UK manufacturing PMI stays around 34-month low in March

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The seasonally adjusted Markit/CIPS Purchasing Managers’ Index (PMI) printed at 51.00 in March missing the estimate of 51.2, but bettering the Feb figure of 50.8.

    Key points

    The quarterly average stayed at a relatively subdued level of 51.6, equaling the lowest recorded since the PMI first moved back above the neutral 50.0 mark in early 2013

    Levels of new export business decreased for the third straight month in March

    Manufacturing employment declined for the third consecutive month in March

    Decrease in selling prices was driven by the pass through of lower input costs, which fell for the nineteenth successive month
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