Latest data up to March 2018 show that conditions remained tight, with the slight easing seen in late 2017 disappearing. The average value of the FCI over the past 12 months is up by 4.6% compared with the previous 12 months. Four of the five constituent variables have tightened in March 2018, while the overall indicator was higher by 0.9% compared with February 2018 and 15.1% higher compared with March 2016.
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