Output points to global recovery

Discussion in 'Economics' started by ASusilovic, Nov 3, 2009.

  1. Signs of economic recovery reverberated around the world on Monday as manufacturers reported rising output and improved employment prospects in the US, Europe and Asia. The JPMorgan global composite purchasing managers’ index rose to 54.4, up from 53 in September, the highest value since July 2004. The biggest surprise came in the US, where the ISM factory index rose to 55.7 from 52.6 in September, driving up stocks in the US and Europe.