October world factory activity expands slowly, stimulus still needed

By Jonathan Cable, Wayne Cole and Dan Burns LONDON/SYDNEY/NEW YORK (Reuters) - Global manufacturing activity increased last month at the same modest pace as in September, suggesting the need for continued economic policy stimulus, especially in Europe.JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with Markit, held steady at 52.2 in October. But it was one of the lowest readings this year, suggesting factory activity is expanding slowly. ...

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