Asian factories lose momentum in May, Europe stays buoyant
UK manufacturing surges, giving a boost to PM May ahead of a national election
London
FACTORIES across much of Asia ran into a soft patch in May as export demand slowed but those in Europe enjoyed buoyant growth amid signs of steady improvement in the global economy.
Analysts said the weakness in Asia was likely to be temporary and the findings from private business surveys came a day after Moody's Investors Service painted an upbeat picture of global growth.
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