Chinese factories grow again, but U.S. sector shrinks

[Gerald]

(Reuters) - Chinese manufacturing output grew last month for the first time in more than a year but a surprise contraction in U.S. factory activity tempered optimism about the health of the world economy on Monday.

Business surveys also showed the euro zone's manufacturing sector shrank for a 16th straight month, though a little less rapidly than in October.

A rise in HSBC's China manufacturing PMI to 50.5 in November, its first time above the 50-point growth threshold in 13 months, suggested the world's second-biggest economy may be heading into 2013 with more momentum after struggling this year.

The expansion in Chinese factory activity should provide a boost for world growth, particularly since recovery in the debt-strapped euro zone still appears a long way off.

Yet the outlook elsewhere in Asia, including India and South Korea, was less encouraging. And in the United States, manufacturing shrank in November, turning in its worst showing in more than three years.

http://www.reuters.com/article/2012/...8B20CK20121203

U.S will boost up!

Note: Mon Dec 3, 2012