UK: Upside risks to March manufacturing PMI - TDS

Research Team at TDS, sees upside risks to March manufacturing PMI, and expect a move up to 52.6 against mkt 51.2.

Key Quotes

“Spillovers from (mostly) better-than-expected euro area PMIs and a strong uptick in the CBI output volume in March, alongside a depreciating currency, should help support manufacturing.”