Europe's factories delivered more signs last month the region is gradually leaving recession behind, according to business surveys that also eased immediate fears over the health of China's economy.
Thursday's purchasing managers indexes (PMIs), surveying thousands of manufacturers worldwide, showed output in British factories surged in July, and industrial activity in the euro zone rose for the first time in two years.
A report on the United States due later is expected to show a modest rate of growth in factories after the Federal Reserve said on Wednesday the world's biggest economy was recovering but would still need support.
Read more: Europe's factories grow, China's stabilize | Reuters
Thursday's purchasing managers indexes (PMIs), surveying thousands of manufacturers worldwide, showed output in British factories surged in July, and industrial activity in the euro zone rose for the first time in two years.
A report on the United States due later is expected to show a modest rate of growth in factories after the Federal Reserve said on Wednesday the world's biggest economy was recovering but would still need support.
Read more: Europe's factories grow, China's stabilize | Reuters
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