Manufacturing growth slows to 5-month low in March amid weaker demand

Manufacturing growth slows to 5-month low in March amid weaker demand

"Any further growth in the manufacturing sector would have to be driven by investment in production capacity", he added.

Analysts have expected that the new levies will likely target the sectors in which China has said it wants domestic companies to develop into global leaders through its "Made in China 2025" drive.

The index of new orders fell to a nine-month low.

"Business conditions in Turkey's manufacturing sector continued to improve in March, albeit at a slower pace compared to the previous survey period".

"The latest PMI survey provided further evidence that United Kingdom manufacturing has entered a softer growth phase so far this year", said Rob Dobson, director at data company IHS Markit.

The data for the Purchasing Managers' Index in Russian Federation is based on a survey among 300 companies in the manufacturing sector. "However, the fact that business optimism about the coming year has slipped to a 15-month low suggests there are other factors that are now hitting factory order books".

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Like the ISM gauge, the one from IHS Markit indicates manufacturing is expanding when it is above a level of 50, although it's not expressed as a percentage. Japan's headline PMI numbers were down for a second consecutive month, but remained in the expansionary zone at 53.1. "Companies cited rising demand at home and overseas plus recent government policy announcements as helping shore up confidence in terms of their future production levels". "However, the ability of manufacturers to make a profit was beefed up by the stable increase in new orders and the much slower jump in input costs", Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said.

In February, factories had raised prices at their fastest pace in almost seven years.

The prices index was the only metric to increase in March, reaching 78.1% after landing at 74.2% in February.

According to data, companies shed staff for the first time in eight months, posing concerns for the world's seventh-largest economy.

A 0.7% gain in private construction in February from January was outweighed by a 2.1% decline in public construction projects. "Accordingly, output prices in the Turkish manufacturing sector rose at a faster pace".