According to the SIPMM, the higher PMI reading was attributed mainly to faster growth in factory output, as well as higher new orders and new exports.
But the performance completes a relatively weak quarter for the industry after a mini-boom at the end of past year. Attention and concerns is more focused on US-China trade tensions than NAFTA, it would reason.
"Manufacturers operating in consumption and intermediate market groups signalled no appetite for recruitment", Dodhia said. There were also some reports that clients had brought forward spending in response to the prospect of factory gate price rises related to higher raw material costs. Growth in new export business (which is not a component of the headline PMI) slipped to a 15-month low, says HIS Markit. Economists forecast inflation to ease to 10.03% in March from 10.26% in February.
The Production Index registered 61%, a 1 percentage point decrease compared to the February reading of 62%. "The growth momentum of the Chinese manufacturing economy may have weakened in March, but at a marginal pace".
Manufacturing output growth had remained steadily above 1% towards the end of past year but may have fallen to about 0.5%, according to economists. Economists had expected the index to fall to 54.5 as a result of the disruption caused by the freezing temperatures.
Meanwhile, input prices increased in March, thus continuing the recent trend.
States with legal marijuana see fewer opioid prescriptions
Instead, it should be a back-up option for patients who are struggling to manage pain and who could be in danger of addiction. Additionally, researchers found a 14.5 percent reduction in any opiate use in states operating legal marijuana dispensaries.
A separate but similar survey from IHS Markit indicated manufacturing growth was at its highest level in three years.
In February, the Polish PMI fell for a second consecutive month after reaching an nearly three-year high of 55 in December.
However, the UK's deficit with the rest of the world shrank, as the United Kingdom received increased earnings on foreign investments thanks to a growing world economy'.
The composite indicator of manufacturing performance increased to 51 in March 2018 from 52.1 reported for February.
Indian goods manufacturers raised their output for the eighth successive month during March.
While the US economy ended 2017 on fairly high note, MarketWatch noted it may have gotten off to a softer start in 2018.