Jewish men attacked in Berlin, 1 whipped with belt
Prince's Death Ruled Accidental, No Criminal Charges Will Be Filed
Turkey: Why Erdogan Called Snap Elections
Trump challenges Abe to address trade deficit
Cocaine Smuggler Blames Crimes On Instagram Addiction
Slowdown in Eurozone manufacturing growth continues in March
04 April 2018, 01:12 | Marta Robbins
GBP/USD – Pound Higher, US ISM Manufacturing Dips
However, the average reading for the first quarter of 2018 was the lowest in a year.
Weaker conditions remain evident in the small but diverse textile, clothing & other manufacturing sub-sector. Adjusted for seasonal factors, the headline Purchasing Managers Index, a composite indicator created to provide a single- figure snapshot of operating conditions in the manufacturing economy, posted 51.0 in March, down from 51.6 in February. "The backlog of orders index continued a 14-month expansion with its highest reading since May 2004, when it registered 63%".
Growth in new export business, meanwhile, slipped to a 15-month low.
The Caixin China General Manufacturing Purchasing Managers' Index (PMI) fell to 51 in March from 51.6 the previous month, the worst reading since November.
There are already some positive signs, with the survey of manufacturers used for compiling the PMI figures showing nearly 55% of companies forecast that output will be higher in 12 months' time.
Improvement to UK Manufacturing PMI Triggers GBP/EUR Exchange Rate RiseThe Pound to Euro exchange rate has risen slightly on 3rd April, following the news that the UK manufacturing PMI for March has risen.
Violence erupts in Kashmir after security forces kill militants These reports suggested that tourists were injured in stone-pelting in Awantipora, and the Dalgate area in the city of Srinagar . Rebels have been fighting Indian rule since 1989 , demanding Kashmir be made part of Pakistan or become an independent country.
Backlogs of work at euro area manufacturers also increased during March, taking the current sequence of expansion to nearly three years.
Earlier sister surveys showed although growth slowed in the currency union's four biggest economies it still stayed strong.
The pound has gained more than 4 percent against the USA dollar since the end of 2017.
Tuesday's PMI showed growth in cost pressures for factories and their selling prices cooled in March, something that may reassure Bank of England officials who are keeping an eye on inflation pressures. While output and new orders continue to rise in March, though at a slower pace, job creation fell for the first time in eight months.
The slowdown was mainly driven by a weaker expansion in output and a quicker decline in head counts at manufacturing companies, as demand - particularly from overseas - lost steam, said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group. It marginally downgraded its GDP forecast to 7.3% for fiscal 2018 year.
James ties Jordan's double-digit scoring streak
You just never seen anything like LeBron with his size, his speed, his power. "We did a great job", he said. But the one thing that both guys do have in common, they're really driven to win and to be the best".
President Donald Trump outraged over Mexico migrant 'caravan'
Judd said the immigrants seeking asylum would "create havoc and chaos " while in the US awaiting hearings on their refugee status. It should be noted that the migrants who are traveling in the caravan, no matter their age, would not qualify for DACA .
Kawhi Leonard Has Returned To New York For Rehab
The Kawhi Leonard-San Antonio Spurs saga has continued to unfold as the regular season slowly comes down to an end. Wojnarowski reported that Leonard planned to play in San Antonio's game on March 15, but that plan was aborted.