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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped more than anticipated in March
In the UK, the flash manufacturing PMI fell to a level of 55.50 in March, compared to a level of 58.00 in the previous month. Markets were expecting the manufacturing PMI to record a fall to a level of 56.70.
UK consumer confidence declined more than expected in March
In the UK, the consumer confidence index declined to a level of -31.00 in March, compared to a reading of -26.00 in the previous month. Markets were expecting the index to fall to -30.00.
Euro-zone manufacturing PMI dropped less than expected in March
In the Euro-zone, the manufacturing PMI declined to 57.00 in March, compared to a level of 58.20 in the prior month. Markets were expecting the manufacturing PMI to fall to a level of 56.00.
Germany manufacturing PMI fell less than expected in March
In Germany, the manufacturing PMI dropped to a level of 57.60 in March, compared to a reading of 58.40 in the prior month. Markets were expecting the manufacturing PMI to decline to a reading of 55.80.
US manufacturing PMI unexpectedly rose in March
In the US, the manufacturing PMI unexpectedly advanced to 58.50 in March, compared to a reading of 57.30 in the previous month. Markets were expecting the manufacturing PMI to drop to a level of 56.30
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