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UK PMI Manufacturing was finalized at 47.9 in March, down from February's 7-month of 49.3. The index has stayed below the neutral 50 mark for eight successive months.
The UK manufacturing sector shrank at a faster pace in March as the strong improvement in supplier delivery times was more than offset by deteriorating new orders and production, final survey results from S&P Global revealed Monday.
The UK’s manufacturing sector faltered last month, a closely-watched survey showed on Monday, as demand softened.
The manufacturing sector contracted even more in March due to subdued demand and the survey, compiled by S&P Global and CIPS UK ...
Australian Dollar surges as markets approach the US session, with investors eyeing RBA rate decision tomorrow. Although it seems reasonable to expect a pause in interest rate hikes, some financial institutions, such as ANZ and NAB, predict a 25bps increase. The Aussie's rally could be driven by speculation of a hawkish surprise, but the situation could reverse quickly if RBA doesn't disappoint.