NEW YORK/LONDON (Reuters) - U.S. manufacturing growth picked up to a three-month high in May, while private business activity in the euro zone grew at just under its fastest pace in three years, surveys showed on Thursday. In Asia, China's factory sector turned in its best performance this year in May but still contracted for the fifth straight month, while Japanese factory activity cooled slightly in May but at a slower pace than in April. Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index rose to 56.2 in May from 55.4 in April, while factory output growth hit its fastest pace since February 2011, rising to 59.6 from 58.2.
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