Index PMI, reflects the dynamics of business activity, economic conditions and prospects of the UK manufacturing sector amounted to 57.2 points in March against 56.5 points in February. The value index has surpassed expectations of analysts had forecast a slight increase to 56.8 points.
Recall that the indicator value above 50 points indicates growth of business activity in the industrial sphere, below the 50 - to slow down.
Also note that the PMI index takes into account the market, since it simultaneously reflects several aspects of economic development, including employment, prices and economic expectations. Positive data could help to strengthen the pound against other currencies.
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