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Global Factories Pick up the Pace in October

Global Factories Pick up the Pace in October (Reuters)

Last month, manufacturing across the world expanded, with U.S. factory output growing at its best rate in more than two years and China leading Asian manufacturing to its most rapid upturn in months. Regarding the U.S. data, “For the most part, this report continued to point to strength in the factory sector,” said RBS analysts. “It seems like the shutdown did little to dampen the underlying strength in manufacturing in October.”

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