In an encouraging sign for metals demand Markit's latest manufacturing PMI data suggest globalindustrial output is improving in Q4. CRU is cautiously optimistic that global industrial activity willstrengthen into 2016 as the developed economies and China pick up.Global industrial activity is improving according to the latest manufacturing PMI data from Markit. CRUcalculates a global PMI from national PMI releases and - according to CRU's metric - the headlinePMI rose to 51.2 in October from 50.5 in the prior month (a level above 50 theoretically suggestsgrowth in output), the largest month-on-month increase in two years.
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