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The following article was published in our article directory on November 3, 2010.
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Global Manufacturing Growth Unexpectedly

Article Category: Business Management

Author Name: Amanda xzh

China and India to continue the inexorable rise of manufacturing in October, while in other countries in the Asia-Pacific region, a strong currency and worries about global economic conditions in the commercial market downturn.

Earlier this year, China's Purchasing Managers Index (PMI) fell to shrink area, some people were worried that the global economic recovery engine failure, but the latest figures should give these people the confidence.

But the latest figures also show that other countries in the region can not expect China's economic growth to promote their country's economy, as China's economic growth increasingly depend on domestic power, and the currency appreciation on export competitiveness of their pressure.

India also proved strong, driven by the domestic economy from the world's developed economies can be fragile recovery of the body.

China Federation of Logistics and Purchasing China, today announced October's PMI rose to 53.8 the previous month to 54.7. PMI above 50 indicate expansion and below 50 indicate contraction.

HSBC Bank of China announced PMI rose to 54.8 from 52.9, the bank released the 2004 data the biggest monthly rise since.

Societe Generale's chief Asia economist, said Maguire underlying details of China's economic vitality should other countries in the region will continue to flow, but probably not a chain reaction so strong as in the past.

British "Financial Times" reported on November 1 site mainly driven by domestic demand, China's manufacturing output increased significantly in October, with other Asian economies are slowing down and contrast.

HSBC Taiwan's PMI index fell to 49 from 48.6 in September, for 3 consecutive months of decline. The PMI index of HSBC Korea, fell to 46.7 from 48.8, less than 50 consecutive months.

Nomura of Japan released on Friday PMI index fell to 47.2 from 49.5, the second consecutive month contraction.

Other parts of Asia outside of China slowdown in industrial activity, suggesting economic growth is decelerating.

British "Financial Times" Web site reported on November 2 have released three of the world economy: manufacturing activity increased in October, an improvement of the order, which push the stock market around, as investors see hope: the global economic recovery is sik rooted in a solid foundation.

U.S., China and the United Kingdom's manufacturing prospects improved, so that previously expected slowdown in manufacturing output indicators should be puzzled economists.

These indicators may not be sufficient to prevent the Federal Reserve on Wednesday launched the second round of quantitative easing monetary policy. Injection of the Federal Reserve's expectations, coupled with strong global economic growth and enhance investor risk appetite, pushing up around the stock market.

In Europe, the United Kingdom issued a strong PMI data: l rose to 54.9 from 53.5, indicating that economic growth this year is not likely to further slow down too l.

In the United States Institute for Supply Management released by the same data also show that manufacturing growth accelerated in October PMI rose to 54.4 from September's 56.9.

AFP, New York, Nov. 1 - By positive U.S. manufacturing data in China and the stimulation of oil prices on Monday.

New York Mercantile Exchange, December delivery of light sweet crude futures soared 1.52 dollars to close at $ 82.95 a barrel.

London, December Brent crude futures surged $ 1.47, closing at $ 84.62 a barrel.

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