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ECONOMICS COMMENTARY Jan 24, 2013

Worldwide manufacturing upturn gains further momentum in January

Purchasing manager surveys indicate that the global economy has picked up further momentum at the start of 2013. Markit's flash manufacturing PMIs, which cover the world's three largest goods-producing economies, showed growth rising to 24- and 22-month highs in China and the US respectively, while the euro area saw the smallest fall in activity for ten months.

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