Current Affairs Global - 2 June 2014

1. China's factory activity grew at its fastest pace in May this year. The official purchasing managers- index jumped to 50.8 in May compared to 50.4 in April. Any reading above 50 indicates growth in the particular sector. This is a good sign for the world-s second largest economy.

2. Manufacturing growth in the Eurozone slowed to a six-month low in Mayas the final Markit compiled Manufacturing Purchasing Managers' Index (PMI) dropped to 52.2 in May compared to 53.4 in April. Any reading higher than 50 indicates growth in the sector. This is the lowest PMI reading in last 6 months.