OVERVIEW
- EU manufacturing sector drops more than expected in March.
- UK manufacturing inches higher according to the Purchasing Manager’s Index.
- The Reserve Bank of Australia leaves rates on hold at 1.5%.
- US manufacturing slowed to 59.3.
HIGHLIGHT
The factory boom in the EU continues to wane into March. This is now the third month in a row where the index has declined. The PMI manufacturing survey dropped to 56.6 from a previous reading of 58.6.