Manufacturing PMI goes boom!

Manufacturing PMI goes boom!

Looking at the monthly Global Manufacturing Purchasing Managers' Index (PMI) for key sourcing countries, the US has hit on a high growth period, though looming cost increases that could come from newly levied tariffs could curb that growth in the coming months.

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 Netherlands, Germany and Austria were the strongest performers overall. The increase was still solid, however, extending the current sequence of growth to 28 months. The weakest increases were signalled in France and Ireland.

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".




While there is an increase in new export orders during the said month, Dodhia said, "On a negative note, further advances in trade disputes could potentially weigh on sales to worldwide clients".

Growth in India's manufacturing sector slowed again in March as both output and new orders fell to its lowest pace since October, according to an industry benchmark. In some Northern nations, this was partly driven by bad weather.

"Although continuing in the growth territory in March, the Vietnamese manufacturing sector saw a softer expansion, particularly with regard to output". However, the pace of job creation softened since February and was marginal. Higher costs were driven, at least in part, by supply-chain constraints. Two views are still showing strong economic reports with growth, but perhaps at lower growth overall, at a time when prices for labor, inputs and goods are rising. Local manufacturing companies generally passed on these higher cost burdens to clients by raising output prices in March.

Europe's manufacturing boom stumbled in March as optimism waned and demand ebbed owing to a powerful winter storm, surveys showed on Tuesday (April 3), but expansion was still broad-based across the continent.

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