Manufacturers around the world are at their most optimistic for almost four years after booking a sharp rise in new orders in December as Asia's recovery spread to the US and Europe,
Surveys of purchasing managers from China to Europe and the US in the final month of 2009 released yesterday exceeded expectations, sending stock markets higher in advanced economies.
Across the world, the combined scores of national purchasing managers' indices, compiled by JP Morgan, rose to 55 in December, the highest since April 2006 with the index for new orders at a 5½ year high.
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