A PMI reading of 50 and above indicates expansion, while a reading below 50 indicates contraction.
Chinese manufacturing companies signalled only a marginal improvement in overall operating conditions at the end of the first quarter.
"The sentiment of growth in the manufacturing sector is usually reflected by the industrial production in the country", he told The Edge Financial Daily when contacted.
"Optimism about the year ahead has meanwhile also risen to its highest for three years, generating yet another solid payroll gain and suggesting strong growth momentum will be sustained in the second quarter".
USA keen to work with Egypt's re-elected President Abdel Fattah al-Sisi
Turnout was 41 percent, despite efforts to get as many Egyptians as possible to polling stations during last week's vote. He said 92.73% of the votes were valid from the roughly 24 million cast, while nearly two million ballots were spoiled.
Factory activity has expanded in Mexico, which fueled jobs, but both input costs and output charges increased at sharper rates.
"The latest PMI survey provided further evidence that United Kingdom manufacturing has entered a softer growth phase so far this year", said Rob Dobson of IHS Markit, which compiles the survey. This is just one-tenth of a point lower than the flash estimate from mid-March and was highlighted by strong new orders and export orders.
"Demand remains robust, with the new orders index at 60 or above for the 11th straight month, and the customers' inventories index at its lowest level since July 2011", said Timothy R. Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee.
Production levels continued to grow in March, although the rate of increase was the slowest in five months.
United States blocks UN Security Council statement on Gaza
The latest restrictions are directed not just at North Korea's shipping operations but Chinese companies trading with Pyongyang. Thirteen of the 25 are North Korean while the other 12 are foreign-flagged.
A new Commerce Department report on USA construction spending showed it increased just 0.1% in February from January's revised level.
The pound has gained more than 4 percent against the US dollar since the end of 2017. "Indeed, amid a slower expected pace of recovery in consumer spending, IHS Markit marginally downgraded its real GDP forecast to 7.3 per cent for the fiscal year 2017-2018", Dodhia said.
The slowdown was mainly driven by a weaker expansion in output and a quicker decline in head counts at manufacturing companies, as demand - particularly from overseas - lost steam, said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group.
As has been the case since last November, Indian manufacturers raised their purchasing activity.
Fox proposes selling Sky News to Disney
A surprise offer for Sky from Comcast, the U.S. cable group, at a premium to the Fox offer has further complicated the picture. Indeed, popular British news outlets owned by the Murdoch family include newspapers the Sun , the Time and the Sunday Times.