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Last Week’s Highlights
China’s Manufacturing Activity Rebounds
In what seems like a scenario that’s too good to be true, China’s manufacturing activity for March rolled back into expansion territory. This comes right after the data for February saw manufacturing activity falling to 35.7.
For March, the manufacturing activity rose to 52.0. It was a similar story in the non-manufacturing sector as well. Activity in the services sector jumped from all-time lows of 29.6 in February to 52.3 in March.
Eurozone flash inflation estimates weaker
The flash estimates on consumer prices for the eurozone saw a drop in the index. The data measured by Eurostat saw headline inflation rising at a slower pace of 0.7% for March. This was slower than the 1.2% increase in February.
The core inflation rate fell to a slower pace of increase at 1.0%, down from 1.2% previously. The declines come due to various factors including weaker oil prices and global demand.
US Manufacturing Holds Up, for Now
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