GLOBAL ECONOMY-Chinese factories grow again, but US sector shrinks
* Chinese manufacturing perks up
* U.S. factory activity shrinks; Nov. worst month since mid-2009
* Euro zone manufacturing contracts for 16th straight month
* British factory slump eases in Nov
By Steven C. Johnson and Andy Bruce
NEW YORK/LONDON, Dec 3 (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. Continued...