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china manufacturing at 13-month high

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    http://www.abc.net.au/news/2012-11-22/china-manufacturing-at-13-month-high/4386492

    "As November's flash reading of HSBC manufacturing PMI bounced back to the expansionary territory for the first time in 13 months, this confirms that the economic recovery continues to gain momentum towards the year end," noted HSBC's chief China economist Hongbin Qu in the report.

    "But arguably the most remarkable improvement was in the new export orders index which jumped 5.7 points to 52.4, which in turn was the highest reading in exactly two years."

    Now that's the second major good news story today.

    Worm turns.
 
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