Economic Buzz: UK Manufacturing PMI Rises In March

UK manufacturing activity maintained a steady growth in March, survey results from IHS Markit showed Tuesday. The IHS Markit/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers Index rose slightly to 55.1 in March from 55.0 in February. The score was forecast to fall to 54.7. Compared to official data, the performance through quarter one is consistent with only a 0.4-0.5 percent gain in production volumes, a considerable slide from the fourth quarters 1.3 percent increase, Rob Dobson, director at IHS Markit, said.