Surveys showed global manufacturing, the lifeblood of many of the world's economies, was flat in March — the first time it has not fallen since April 2018.
"The steady result was achieved in no small part thanks to a better performance from China. China led a regional divide, with northeast Asia generally improving. While in contrast, Central Europe was notably weak, and North American manufacturing, at least based off the PMIs, was also losing some growth momentum, most especially in Canada and Mexico."— Alan Ruskin, chief international strategist at Deutsche Bank, wrote in a note to clients.