Morning Bites
🌏Global manufacturing PMIs showed mixed dynamics in March. The Eurozone Markit Manufacturing PMI was 48.6 (vs. 47.6 in February) while the US ISM manufacturing PMI slid to 49.0
🇨🇳The official NBS Manufacturing PMI in China rose to 50.5 (vs. 50.2 a month ago). Meanwhile, the Caixin China Manufacturing PMI stood at 51.2
🇮🇳 India’s manufacturing PMI of 57.6 remains one of the strongest indicators among the world's key economies
❗️Overall, EU and US PMI indices were below 50.0, underlining the weakness of local manufacturing activity. Meanwhile, we reiterate our view that China’s fiscal stimulus might bolster local demand for industrial metals this year (e.g. aluminum and copper)
#PMIs
https://metals-wire.com/news-reports
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