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1.Market Observations

25 Oct 2012 (AFR) – PMI points to recovery in China

(25 Oct 2012, AFR, p19, Lisa Murray, Shanghai)

‘China’s sluggish manufacturing sector may be turning the corner after a private sector survey reported its best result in three months, adding to signs the country’s nascent economic recovery is gathering momentum.’

‘HSBC’s “flash” purchasing managers index, the earliest indicator of how the manufacturing sector is going in October, was 49.1, up from a final reading of 47.9 in September.’

Read more at AFR.com (might need AFR login access)

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