The Markit Economics final index of U.S. manufacturing fell in March to 55.5 from 57.1 a month earlier, the London-based group said today.
Growth in euro-area manufacturing stayed close to the highest level in almost three years in March, adding to signs the region’s recovery is gathering pace.
Growth in euro-area manufacturing and services stayed close to the fastest since 2011 in March as France improved, providing further evidence that the region’s recovery is on track.
Mario Draghi’s view that the euro area doesn’t need more monetary easing for now is being vindicated.
U.K. services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country.
U.K. services unexpectedly strengthened in March, easing concern that the economy may be heading for a triple-dip recession.
When Peter Elston wants to check the pulse of the world economy, one of the indicators he zeroes in on didn’t even exist a decade ago.
Euro-area manufacturing expanded for a fifth month in November, as Germany continued to drive the 17- nation currency bloc’s gradual recovery from a record-long recession.
Euro-area services and manufacturing output shrank for a 10th month in November, suggesting the economy may struggle to pull out of a recession as governments toughen spending cuts to fight the sovereign-debt crisis.
"The fall in the composite manufacturing PMI masks the ongoing resilience of output, new orders and employment growth, all of which continued to rise at historically strong rates in March."
- Chris Williamson on Apr 01, 2014