- Flash 53.4. Feb 54.2
- Output 54.3 vs 54.4 flash. Feb 55.6
- Employment 51.4 vs 51.4 flash. Feb 53.2
Markit's Chris Williamson thinks the Trump effect is deflating.
"The post-election resurgence of the manufacturing sector seen late last year is showing signs of losing steam.
Output growth slowed to a six-month low in March, optimism about the outlook has waned and hiring has slowed accordingly.
While the survey data suggest that the goods producing sector enjoyed a relatively good first quarter on the whole, the loss of momentum seen in February and March bodes ill for the second quarter.
If the activity numbers send a dovish signal to policymakers, the survey's price indices favour the hawks. Inflationary pressures have risen to a two and a half year high, despite the oil price easing during the month."