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Global manufacturing confidence increases

Published by Steve Coleman on May 03, 2012

European doom-and-gloom hasn't keep manufacturing in the rest of the world from growing.

The JPMorgan Global Manufacturing PMI for April showed a slight improvement from March, the fifth-straight increase in world-wide production.

The index recorded a 51.4 rating for the world manufacturing picture in April, up from the 51.1 snapshot for March. Anything below 50.0 is considered a downturn. Anything above 50.0 is considered economic growth.

Both the Canadian and US PMI recorded solid numbers for the month, while European confidence sagged to a three-year low.

Both Asia and India reported growth for the month. However, Chinese manufacturing stayed "subdued" for the month.

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