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Eurozone downturn deepens at start of Q4 2012
The downturn in the Eurozone economy deepened at the start of Q4 2012, with the combined output of the manufacturing and service sectors falling at the fastest pace since June 2009. The Markit Eurozone PMI® Composite Output Index fell to 45.7 in October, down from 46.1 in September and the earlier flash estimate of 45.8. Overall activity has now fallen for nine straight months. Faster rates of contraction were signalled in both the manufacturing and service sectors during October. Manufacturing production declined for the eighth month running, as companies experienced reduced inflows of new orders from domestic ... (full story)