Asian factories perk up, U.S. shows improvement |
Reuters - Nov 1, 2012 |
Asia's large economies started to pick up steam last month after a year of slower growth, surveys showed on Thursday, while U.S. manufacturing showed modest improvement.
The jury was out on whether the data signaled sustained improvement in the fragile global economy, although analysts said strength in the United States and China, the world's two biggest economies, was essential to overall economic well-being.
That is particularly so at a time when a debt crisis in the 17-country euro zone has plunged several countries in the region into recession. Reports on major euro zone countries are due on Friday and expected to show continued economic contraction.
But the picture appeared to be brightening elsewhere.
Read Full Article from Reuters
- Posted: 2012-11-01 14:31:52
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