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Global economic growth accelerated in October to a 32-month high, bolstered by a solid improvement in new business, a survey showed on Wednesday.
JPMorgan's Global All-Industry Output index, produced with Markit, rose to 55.5 in October from September's 53.6, comfortably above the 50 threshold for growth and its highest reading since February 2011.
"The global economy has started the final quarter on a positive footing. All-industry output accelerated October, indicating that global GDP is on track to post a decent outcome in Q4," said David Hensley, a director at JPMorgan.