"March saw the biggest fall in the manufacturing PMI since June 2011 and the third successive slowing in the pace of expansion".
Meanwhile, input prices increased in March, thus continuing the recent trend. Local manufacturing companies generally passed on these higher cost burdens to clients by raising output prices in March.
China's manufacturing sector has seen its weakest growth in production and new orders in four months, and export sales have increased only slightly. However, the degree to which output rose was modest and the weakest since October.
"Manufacturers operating in consumption and intermediate market groups signalled no appetite for recruitment", Dodhia said. At the same time, the increase in the number of new orders is the lowest in the last 20 months since mid-2016, with the increase in export orders remaining stable. March 2018 marked an eighteenth month of expanding or stable conditions for the Australian PMI® and the longest run of continuous expansion since 2005.
The BoE has said its monetary outlook remains dependent on smooth negotiations with the European Union over Brexit and Britain's economic performance.
Legal marijuana tied to drop in opioid prescriptions
The study of Medicaid patients examined the association between opioid prescribing rates and state marijuana laws implemented from 2011 to 2016.
Despite the overall downturn, comments from the panel of purchasing executives reflected continued expanding business strength, with 17 of the 18 manufacturing industries surveyed reporting growth in March. The new orders index still finished with a 61.9% reading, but that was down 2.3% from February. Greater inflows of new work encouraged firms to raise their inventories, according to panelists.
"Input cost inflation intensified to the sharpest since October 2015, predominantly driven by higher raw material costs stemming from currency weakness relative to the U.S. dollar". The report further showed that raw materials inventories are growing at the same time that customers' inventories are too low.
She also said the New Export Orders Index registered at a 15-month low, highlighting falling demand for Malaysian goods from global markets.
Dodhia noted that the impact of United States tariffs on steel and aluminum on India is expected to be limited, as India's exports in both metals to the USA accounted for less than 0.4 per cent of total merchandise exports. On a negative note, further advances in trade disputes could potentially weigh on sales to worldwide clients.