The HSBC Manufacturing PMI rose to 51.7 in March, according to the flash estimate produced by Markit, rebounding from February’s four-month low of 50.4. The upturn signalled the strongest pace of expansion for 23 months with the exception of January’s two-year high. The above-50 reading means manufacturing conditions having now improved for five successive months following a 12-month period of decline.
PMI rebounds in March to round off strongest quarter for two years
Output and new orders both grow at faster rates