manufacturing activity appeared to boost sentiment on Friday.expanded at its fastest pace since February 2017
, as both export orders and production increased. The expansion defied market expectations and stood in contrast to official manufacturing data released on Thursday. The stronger-than-anticipated data came shortly after a report dampened hopes of a long-term trade deal between the U.S. and China.published Thursday, citing unnamed Chinese officials, raised doubts about the prospect of both sides reaching an agreement later this month.
The U.S. and China secured a limited trade deal last month, in an attempt to end a protracted dispute that has battered financial markets and hammered global growth.
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