Flash manufacturing PMI increases in March

The Markit Purchasing Managers Index (PMI) showed that the manufacturing industry had promising growth in March.

The March index had a reading of 55.5, an increase form February's mark of 53.3. March's reading was slightly higher than analysts expectations of 54, according to Business Insider.

The report went on to say that the increase in March is due to businesses playing catch up after activity remained low during the winter, thanks to a decreased backlog.

The index that judges business expectations – optimism for future business – increased from 73.4 to 78.1 in March. Hiring remained unchanged from February's index reading of 51.9, but that is good news as it didn't decrease. Chris Williamson, chief economist at Markit, said in a statement March's numbers are fine, but businesses should still be cautious.

"Service sector activity rebounded in March after a weather-torn February, but the survey is clearly flashing some warning lights as to whether the economy has lost some underlying momentum and that growth could slow in the second quarter," Williamson said. "Perhaps most the worrying signal is that new business showed the smallest monthly rise since late 2012."

Companies who are in need of hiring experienced workers to help them with their business can enlist the services of manufacturing recruiters.

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