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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI surprisingly advanced in March
The manufacturing PMI in the UK registered an unexpected rise to a level of 55.10 in March, compared to a revised reading of 52.10 in the prior month. Markets were expecting the index to drop to a level of 51.20.
Euro-zone CPI advanced less than expected in March
The final consumer price index (CPI) in the Euro-zone registered a rise of 1.40% on a YoY basis, in March, compared to an advance of 1.50% in the prior month. Market expectation was for the CPI to advance 1.50%.
Euro-zone manufacturing PMI dropped in March
The final manufacturing PMI in the Euro-zone registered a drop to a level of 47.50 in March, compared to a level of 49.30 in the previous month. Markets were expecting the index to fall to a level of 47.60.
German manufacturing PMI declined in March
The final manufacturing PMI in Germany eased to a level of 44.10 in March, compared to a reading of 47.60 in the previous month. Markets were anticipating the index to drop to a level of 44.70.
US ISM manufacturing activity index rose in March
In the US, the ISM manufacturing activity index registered a rise to a level of 55.30 in March, compared to a reading of 54.20 in the previous month. Markets were anticipating the index to advance to a level of 54.50.
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