UK Final Manufacturing PMI arrives at 47.8 in March vs. 47.0 exp, Cable off the lows

The UK manufacturing sector activity contracted less-than-expected in the month of March, the final report from IHS Markit showed this Monday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised down to 47.8 in March versus 47.0 expected and 48.0 – March’s first reading.

more to come ....