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Global output loses steam

Manufacturing lost momentum around the world in June, adding to worries that global economies are poised for slower growth in the months ahead

Manufacturing lost momentum around the world in June, adding to worries that global economies are poised for slower growth in the months ahead.

An index based on a survey of US purchasing managers suggested that factory output expanded for the 11th month in June, but at a slower pace than the month before. Similar pullbacks occurred in China and the eurozone last month, according to separate indexes released Thursday. Japan was one of the few places where the factory sector has gained steam.

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