Global Economic Growth Has Hit A Two-And-A-Half Year High

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, Sept 5, 2013 Global Economic Growth Has Hit A Two-And-A-Half Year High Markit Economics today published August's JPMorgan Global All-Industry Output Index, a metric that takes a weighted average of all of the world's manufacturing and services purchasing managers indices (PMIs). The composite index climbed to 55.2 in August, up from 54.0 in July. This is the highest level since February 2011. "New order growth also hit a 30-month high, stimulating one of the steepest gains in payroll numbers for over two years," noted the Markit economists. "Growth of global economic activity accelerated to a two-and- a-half year high in August," said JPMorgan's David Hensley. "Manufacturing is showing renewed signs of strengthening to support the recent solid upswing in the services sector. The pass-through of higher activity to the jobs market is taking greater hold and should improve further as the GDP upturn continues in coming months." All good news. Read » Also On Markets Today: GOLDMAN: Here Are 24 Stocks That Hedge Funds Are Shorting Like Crazy Brazilian Currency Surges After Central Bank Launches Intervention Program To Stop The Bleeding Advertisement CHART OF THE DAY: China's GDP Numbers Look Almost Too 'Smooth' To Be True CHART OF THE DAY: The Chinese Premier's 2 Favorite Economic Indicators Look Super Depressing CHART OF THE DAY: Here's What It Looks Like When The Bond Market Goes Into A Coma Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Markets RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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