Monday, November 3, 2014

Manufacturing industry expands in China, UK and US

The HSBC final manufacturing purchasing managers index (PMI) equaled estimates and last month`s figure at 50.4.

In the UK, the manufacturing PMI climbed to 53.2, beating the forecast of 51.3 by a healthy margin. Bloomberg labels this growth as an unexpected rise.

Things were good in the US as well, the ISM manufacturing PMI was at 59.0, bettering estimates of 56.5. This is an early indicator of the strength of the US economy this quarter.

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