GLOBAL ECONOMY-Chinese factories grow again, but US sector shrinks

Mon Dec 3, 2012 11:52am EST
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* 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...