Global manufacturing growth pulled back slightly in March as factories made only modest cuts to their prices, a business survey showed on Thursday.
JPMorgan’s Global Manufacturing Purchasing Managers’ Index (PMI), produced with Markit, nudged down to 51.8 in March from February’s four-month high of 51.9.
March was the 28th month the index has been above the 50 level that separates growth from contraction. A sub-index measuring output prices rose to just below that level, coming in at 49.7. Click here to read more.