The manufacturing slowdown in the US and China has arguably been the most disconcerting world economic story of recent months. After all, the US and China are respectively the world’s first and second largest economies.
But new manufacturing surveys offer hope that growth may be coming back.
China’s manufacturing PMI unexpectedly jumped to 50.2 in March, signaling expansion for the first time since July. In the US, the ISM manufacturing index jumped to 51.8 in March, signaling expansion for the first time since August. Manufacturing PMIs in Europe also reflected acceleration, albeit modest acceleration.
Read the full story at finance.yahoo.com.