Eurozone Recession Worsening Despite Signs Of Improvement
"Financial data company Markit said its purchasing managers' index — a
gauge of business activity — for the 17-country eurozone fell to 45.9
in September from 46.3 the previous month. The decline was a surprise as
the consensus in the markets was for a modest improvement. Anything
below 50 indicates a contraction in economic activity.
September's rate was the lowest in over three years and came despite
an easing in the rate of economic contraction in Germany, the eurozone's
largest economy."
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