ECONOMICS COMMENTARY
Dec 05, 2013
Global economy buoyed as trade grows at fastest rate since early-2011
The Global PMI - now including the new Markit US services PMI - rebounded after the US-related dip seen in October, tracking a pace of global GDP growth approaching 3% per annum. The survey data suggest that the pace of global expansion has risen markedly over the past year, led largely by an upturn in manufacturing and global trade: the Global PMI's New Export Orders Index hit its highest since February 2011.
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