Flash Manufacturing PMI rebounds to signal strengthening upturn

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

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