MLBKT: the Purchasing Managers’ Index declined in March

Respondents reported unfavorable developments for the second month in a row, compared to the previous month, and the pace of contraction is still not strong -the company added.

According to the report, the composition of the index remains two-faced. The volume of new orders, the volume of production, as well as the volume of stocks purchased and the employment sub-indices also point to an increase above 50.0 points. The unfavorable PMI value can be explained by the fifth sub-indicator that makes up the index: the value of the transport lead time fell again to a record low and indicates an increase in lead times for many respondents, mainly determining the lower value of the PMI index. (MTI)