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Asia manufacturing picks up, U.S. remains key worry



By Yoo Choonsik and Hideyuki Sano
01 October 2009 @ 04:24 am ET

The Australian Industry Group/PriceWaterhouseCoopers Performance of Manufacturing Index rose 0.3 points to 52.0.

There was a marked turnaround in employment after 20 months of decline, with hiring and firing now essentially in balance.

A return to job creation is vital for a durable economic recovery.

(Additional reporting by Wayne Cole in SYDNEY and Jason Subler in BEIJING; Writing by Kim Coghill; Editing by Jeremy Laurence)

Copyright 2009 Thomson Reuters. All rights reserved.

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