GLOBAL ECONOMY-Global factories parched for demand, need stimulus

Mon Feb 1, 2016 11:51am EST
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(Adds U.S., Canada, Brazil data)

* Global factory activity growth remained weak in January

* China PMI dips to 49.4 from 49.7

* Much of Asia manufacturing shrinking, Japan and India outperform

* Euro zone factory growth slowed despite price cutting

* U.S. manufacturing sluggish, Canada and Brazil contract again

By Jonathan Cable and Wayne Cole

LONDON/SYDNEY, Feb 1 (Reuters) - January surveys of global factory activity released on Monday showed the new year began much as the old one ended, with too much capacity chasing too little demand.

Global manufacturing expansion accelerated slightly but remained weak at the start of 2016 as faster growth in developed markets failed to offset a contraction in emerging economies.   Continued...