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Global export markets stagnate

Published by Steve Coleman on November 03, 2011

A new market survey says global manufacturing's big picture moved from a slight decline in September to not moving at all in October.

The data, released by JP Morgan and Markit on Nov. 2, says the global PMI rose to 50.0 in October.

While that's up from 49.8 in September, 50.0 on the scale shows neither a rise nor a decline in worldwide manufacturing numbers.

While commodity prices are falling, the company says new export orders fell at the "quickest pace for almost two-and-a-half years."

The market survey says companies closest to the struggling European Union are likely to feel the biggest effects as markets continue tightening in 2012.

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