US manufacturing is still weak, but it's better than China's
from Bloomberg Businessweek
U.S. manufacturing activity grew ever so slightly in June, with the June Institute for Supply Management Purchasing Manager’s Index notching up a small gain to 50.9. Manufacturing activity has now expanded in five of the first six months of 2013. While June’s PMI is the best number since March, there are plenty of weak spots. The real concern is China, where manufacturing activity slowed to a four-month low in June and is now just barely growing. The data pulled markets in Asia lower recently, off fears that China’s economy is now slowing down faster than anticipated. That could have huge implications for the global economy.
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