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Business Activity Improves in China, Euro Zone but Little Sign of Turnaround

Posted October 23, 2014

Under Economic Issues, International Trade Issues

(Reuters)

Euro zone businesses performed much better than forecasters expected this month and China’s vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.

The improvement in purchasing managers’ surveys, released on Thursday, will ease some worries about the outlook for the global economy, but news that companies in the euro zone cut prices at the steepest rate in almost five years will be of concern to the European Central Bank, which is striving to ward off the risk of deflation in the region. Read more here.