Markit/CIPS Purchasing Managers’ Index posted 51.0 in March, compared with February’s 34-month low, which recorded 50.8.
Although the sector has strengthened nominally, March’s result left the quarterly average at a relatively subdued level of 51.6, equalling the lowest recorded since the PMI first moved back above the neutral 50,0 mark in early 2013. March saw production rise at a pace unchanged from February’s seven-month low. Where an increase in output was…
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