GLOBAL ECONOMY-U.S. manufacturing growth picks up, Chinese factories struggle

Tue Oct 1, 2013 11:09am EDT
 
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* China PMIs edge up but raise questions about pace of recovery

* Euro zone manufacturing eases, divergences remain between countries

* U.S. manufacturing growth near 2-1/2-year high: ISM

* Rival U.S. factory index shows only modest growth

By Steven C. Johnson and Koh Gui Qing

NEW YORK/BEIJING, Oct 1 (Reuters) - U.S. manufacturing grew last month at its fastest clip in nearly 2-1/2 years but expansion in China's massive factory sector was slight and deep divergences persisted in euro zone countries, surveys on Tuesday showed.

The data, drawn from business surveys released on Tuesday, highlighted the uneven nature of the global economic recovery. Signs that China may be struggling were of particular concern with a partial U.S. government shutdown and political crisis in Italy already stoking uncertainty in financial markets.

Both China's official purchasing managers' index and a separate one compiled by HSBC showed manufacturing grew by less than expected in September.   Continued...