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ECONOMICS COMMENTARY
Sep 09, 2013
Basic materials stagnates, contrasting with wider economic upturn
Markit Global Basic Materials PMI data are derived from surveys of over 1,500 companies in the global basic materials industry across 28 major economies. August saw broadly no change in the level of output among basic materials companies compared with one month earlier, which contrasted with a gain in growth momentum across the wider global economy. This virtual stagnation followed two consecutive months of growth, albeit this was at only a marginal pace in July.
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