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Growth of global manufacturing production, new export orders accelerate

4-Nov-2010 1:04 PM

JP Morgan and Markit Economics stated (02-Nov-2010) the rates of expansion in global manufacturing output and new orders accelerated for the first time in six months in Oct-2010. At 53.7, up from Sep-2010's 14-month low, the JPMorgan Global Manufacturing PMI posted a reading consistent with a solid improvement in overall operating conditions. However, the headline PMI and the indices for output and new orders remained below their respective post-recession averages.