• German manufacturing PMI rose in line with expectations in March

Market news

3 April 2017

German manufacturing PMI rose in line with expectations in March

The upturn in the eurozone manufacturing sector gathered further pace at the end of the first quarter. Rates of expansion in production and new orders accelerated to near six-year highs, as companies saw stronger inflows of new work from domestic and export clients.

The final Markit Eurozone Manufacturing PMI rose to a 71-month record of 56.2 in March, up from 55.4 in February and unchanged from the earlier flash estimate. The average PMI reading over the first quarter as a whole (55.6) was the highest since the opening quarter of 2011

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