PMI 'Encouraging News' for Major Economies

Manufacturing activity in the euro zone expanded for the first time in 17 months in October and also picked up in the UK and China, surveys showed Monday. “This is encouraging news, but it’s a picture that we are seeing generally,” Neil MacKinnon from VTB Capital told CNBC. Manufacturing data is on an upturn for all major economies, he added.

CNBC | November 2, 2009

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