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Markit's Eurozone manufacturing PMI showed marginal growth among factories for the first time in two years, with the index at 50.3, up from 48.8 in June. Output rose in Germany, Italy, the Netherlands, Ireland, France and Austria. The company's flash composite PMI, based on surveys of thousands of companies across the region, jumped to an 18-month high of 50.4, from 48.7. Readings above 50 signify growth. Markit chief economist Chris Williamson said it suggested the euro zone would grow by 0.1 percent in the current quarter, in line with a Reuters poll taken earlier this month. In China, the official factory PMI was a bit stronger than expected last month, although growth remained modest. A rival report from HSBC painted a darker picture, showing factory activity at its lowest level in nearly a year. PMI reports showed output and new orders falling in July in India, South Korea and Taiwan. In Indonesia, output and new orders were holding at similar levels to June. Overall, the data allayed fears that the global economy's mid-year lull would deepen, although much still hinges on how many jobs the U.S. economy added in July. That data is due Friday, and economists polled by Reuters expect a 184,000 gain in payrolls compared to 195,000 in June. "We're seeing different trends in different parts of the world, which are to a large extent offsetting each other," said Andrew Kenningham, senior global economist at Capital Economics in London. The biggest surprise came from the UK, where Markit's UK manufacturing PMI jumped to 54.6, trumping even the most optimistic forecast in a Reuters poll of economists and triggering a rise in sterling. Brian Hilliard, economist at Societe Generale, noted the fastest rises in new orders and output since February 2011. "Just amazing. What's the need for (Mark) Carney to do anything?" he said, referring to the new Bank of England Governor. "It's shaping up for Q3 to be stronger than Q2."