U.K. Factories Sustain Growth After Entering `Softer' Phase
- March PMI reading was better than economists forecast
- Average first-quarter index was weakest in a year, Markit says
Sentance Sees Inflation Holding Steady in the U.K.
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U.K. manufacturing maintained its pace of expansion in March, though there was a sharp slowdown in new orders.
IHS Markit said its monthly Purchasing Managers Index was at 55.1, up from 55 in February and better than economists had forecast. The figure is also encouraging given the disruption from the “Beast from the East” storm during the month.