Strong Canadian manufacturing growth maintained in March

China's Manufacturing Growth Slows to Four-Month Low

According to the SIPMM, the higher PMI reading was attributed mainly to faster growth in factory output, as well as higher new orders and new exports.

"U.S. factories reported a strong end to the first quarter, with the PMI advancing to a three-year high".

"Hopefully, there is no escalation in the trade war between China and the US". Higher costs were driven, at least in part, by supply-chain constraints.

Improved domestic demand was mentioned as key reason for higher sales in March as new export orders declined for the fourth straight month due to uncompetitive prices. On the other side of the currency pairing, the Euro was influenced by news that economic confidence in the Eurozone had fallen during March.

"Although the pace of output expansion ticked higher in March, which is especially encouraging given the heavy snowfall during the month, this was offset by slower increases in new orders and employment", he added.

Analysts had expected a reading of 53.1 points.

Affin Hwang Investment Bank Bhd chief economist Alan Tan said Malaysia's manufacturing growth remains to be in the range of 5% in the first half of 2018 (1H18) supported by the robust economic growth, compared with 6% in 2017.

Pruitt's Security Team Broke Down Condo Door Last Year
The company is lobbying to scale back Obama-era EPA rules limiting greenhouse-gas emissions from existing power plants. The EPA had to pay for the damage to the condo's glass-paneled doors, though it's unclear how much it cost.

The Inventories Index registered 55.5%, a decrease of 1.2 percentage points from the February reading of 56.7%.

The March survey showed growth in cost pressures for United Kingdom factories and their selling prices cooled, something that may reassure Bank of England officials who are keeping an eye on inflation pressures.

"With cost inflationary pressures also moderating to provide some respite for margins, the sector looks set to make further slow and steady progress as we head through the spring", Rob Dobson, director at PMI compiler IHS Markit, said.

United States factories reported a strong end to the first quarter, with the PMI advancing to a three-year high. "Inputs, expressed as supplier deliveries, inventories and imports, were negatively impacted by weather conditions, Asian holidays, lead time extensions, steel and aluminum disruptions across many industries, supplier labor issues and transportation difficulties due to driver and equipment shortages", Fiore said.

Released yesterday, the headline PMI - a composite single-figure indicator of manufacturing performance - dropped to 49.5 in March from 49.9 in February. The rate of contraction accelerated since February but remained modest.

Indian goods manufacturers raised their output for the eighth successive month during March.

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