A reading of U.K’s Purchasing Managers’ Index in March exceeded highly analysts’ expectations.
As research group Markit/CIPS reported today PMI increased to seasonally adjusted 52.1, which is the highest level in last 10 months.
Previous month’s data was revised to 51.5 points.
As for March economists forecasted reading of U.K’s PMI at 50.6
March’s data closes reading for first quarter of 2012, which showed average of 51.8.
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