File - Workers prepare to assemble parts of a Volvo car at an assembly line of the new Volvo automobile manufacturing plant in Chengdu, Sichuan province, June 5, 2013. REUTERS/Jason Lee
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Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the U.S. factory sector in more than four years.The HSBC/Markit Flash China Manufacturing Purchasing Managers' Index rose more than expected to 50.8 in June from 49.4 a month earlier.The Markit/JMMA flash Japan Manufacturing PMI also rose in June, hitting 51.1 and showing the first growth in three months.External demand remained weak for the two export powerhouses, and some analysts think China may need more stimulus to offset a cooling housing market and avoid a sharp slowdown in economic growth.Markit's composite PMI, based on surveys of thousands of companies across the 18 countries that use the euro, fell to 52.8 from May's 53.5 .
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