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Post #2496 139
Morning Bites

🌏 Global manufacturing PMIs mainly improved in March. The Eurozone Markit Manufacturing PMI printed 51.6 (vs. 50.8 in February), while the US ISM Manufacturing PMI inched up to 52.7 (vs. 52.4 seen last month)

🇨🇳 The official NBS Manufacturing PMI in China rose to 50.4 (from 49.0 a month ago). However, the Caixin China Manufacturing PMI slid to 50.8 (from 52.1 earlier)

🇮🇳 India’s manufacturing PMI of 53.8 remains one of the strongest indicators among the world's key economies

❗️Overall, manufacturing PMI readings in every major region were above 50.0: this could be a positive sign for local industrial metals demand, if the trend persists, we think. At the same time, India is the standout with continuously robust PMI figures

#PMIs
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