The latest PMI highlights some noteworthy trends on the local, national and global economy from March 2017. This slide pack explores them in more detail.
Key highlights include:
- Global output growth (53.7) just shy of January’s 13-mth high
- Growth accelerates in US, France, Germany & Japan
- Chinese composite PMI picks up from 7-mth low to 51.5
- Russia, India & China propel Emerging Markets PMI to 52.2
- Eurozone composite PMI unchanged at 56.8 a 6-yr high
- Italian (55.2) & Spanish (57.2) PMIs ease from their recent highs but still record robust rates of growth
- Developed Market manufacturing PMI (54.1) remains just shy of recent 35-mth high
- UK composite PMI (54.5) slows to a 3-mth low. Most regions post slower growth rates with East Midlands in top spot 57.9
- RoI business activity accelerates to a 4-mth high (58.8)
- NI firms’ output growth slows 53.5 but employment growth accelerates to a 13-mth high. Inflationary pressures ease