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UPDATE 1-Global PMI shows manufacturing growth slower in March

(Adds further detail, economist’s quote)

LONDON, April 2 (Reuters) - Global manufacturing growth eased in March across all major industrial regions, but price pressures remain, a report showed on Monday.

The Global Manufacturing indicator, produced by JP Morgan with research and supply management organisations, eased to 52.9 in March from 53.7, but still held above the 50.0 mark dividing growth from contraction.

All five major industrial regions including the U.S., the euro zone, Japan, China and the UK saw slight moderations in their rates of increase of production.

Global manufacturing output eased back to 54.4 in March from 55.3, with growth in the euro zone relatively robust. The global new orders index slipped to 53.5 from 55.1, with the U.S. seeing the steepest decline.

“The global PMI indicates that the manufacturing sector lost momentum in March. Declines were broadly based across the PMI’s components, led by a big drop in the index of new orders,” said David Hensley at JP Morgan.

Yet the global input prices index rose to 62.8 in March from 60.6, with costs picking up sharply in the U.S.

Hensley said that a drop in new orders along with a rise in the index of inventory pointed to a continued sluggish production growth in the next few months.

The employment index fell in March to 51.4 from 52.5, its lowest level since January 2006.

The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia.

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