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Both output and new orders grew for the eighth successive month in March, but at slower rates.

But the performance completes a relatively weak quarter for the industry after a mini-boom at the end of previous year.

"Business conditions in Turkey's manufacturing sector continued to improve in March, albeit at a slower pace compared to the previous survey period". Attention and concerns is more focused on US-China trade tensions than NAFTA, it would reason. Growth was reported across all three broad market groups, led by consumption goods.

Amid reports of lower demand from global markets, new export orders declined for the second consecutive month in March.

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A minor data point, one that has to be taken along with the other readings as a general view of the Eurozone economic sentiment.

"Input cost inflation intensified to the sharpest since October 2015, predominantly driven by higher raw material costs stemming from currency weakness relative to the USA dollar".

For Canada, manufacturing growth remained strong, though cost inflation hit a four-year high.

Tomorrow, Markit will be releasing the PMI construction sector survey with a forecasted reading of 50.8 while on Thursday the PMI services sector reading is due out with a predicted reading of 54.0.

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New orders increased at a robust pace for the 18th month in a row thanks to greater sales to domestic and export clients.

"There was some respite for companies on the inflation front, with input costs increasing at a much slower pace than was seen in February". Export growth has more than halved since late a year ago, linked in part to the appreciation of the euro and, in some cases, demand is being stymied by higher prices. There were also signs that capacity constraints deriving from the recent growth spurt were impacting on production growth in March. And even while exports and imports are growing, prices are still increasing at a faster rate.

The headline IHS Markit/BME Germany Manufacturing PMI - a single-figure snapshot of the performance of the manufacturing economy - registered a reading of 58.2 in March, down from 60.6 in February. "That said, the rate of contraction was marginal", the statement by IHS Markit read.

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