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United Kingdom manufacturing has a steady growth in March, reveals survey

United Kingdom manufacturing has a steady growth in March, reveals survey

Williamson added that despite the slowdown, growth remains robust by historical standards and he maintained that manufacturing would continue to make a substantial contribution to GDP growth in the first quarter.

The German bunds slid Tuesday after investors have largely shrugged-off the lower-than-expected manufacturing PMI for the month of March, with eyes on eurozone's consumer price inflation (CPI), scheduled to be released on April 4 by 09:00GMT.

The Investec Manufacturing Purchasing Managers' Index (PMI) slowed to 54.1 in March from 56.2 in February after Storm Emma forced businesses to use buffer stocks to help meet demand, the survey's authors said.

According to the key macro-economic data point, Indian goods manufacturers raised "their output for the eighth successive month during March" and that higher production was mainly linked to new order growth and favourable demand conditions.

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

The pound has gained more than 4 percent against the USA dollar since the end of 2017.

This suggested factory output rose at a quarterly rate of about 0.4 percent to 0.5 percent, slowing from 1.3 percent in the fourth quarter of 2017, IHS Markit said.

Germany's IHS Markit/BME factory PMI dropped to 58.2 in March from 60.6 in February.

PMIs covering the construction and services sectors are due on Wednesday and Thursday.

- Detailed PMI data are only available under licence from IHS Markit and customers need to apply for a licence.

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