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In the euro zone factories struggled to keep up with demand in March notwithstanding soaring activity at the fastest rate in almost six years, as a poll revealed. It also disclosed raising prices.
IHS Markit's fresh manufacturing Purchasing Managers' Index for the euro zone added to 56.2 in March, which is the highest value since April 2011, compared to February's 55.4. Obviously, it was in line with a flash estimate as well as far above the 50 mark, separating surge from contraction.
An index, estimating output and feeding into a composite PMI due on Wednesday, grew to a near six-year peak of 57.5 from 57.3. By the way, 57.2 was the flash estimate.
Financial analysts tell that euro zone manufacturing is definitely enjoying a sweet spell, though it’s also facing surging pains in the form of supply delays as well as ascending costs.
Additionally, the poll is also pointing out to the highest incidence of supplier delivery delays for almost six years, thus underscoring how suppliers are struggling just to meet ascending demand.
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Fed, BOJ and British MPC will make their monetary policy statements during this week. What else will move the market? Find out from the news!
In December, Germany's private sector expansion speeded down to a four-year minimum, as a survey disclosed…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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