Euro zone's PMI disappoints, adds to deflation concerns

Source: Bloomberg
© Scanpix/AFP
Along the lines of the release of China's PMI, Euro zone's Purchasing Managers Index failed to bring about a better economic outlook. The Index slid from 53.1 in August to 52.8 in September, adding fuel to the concerns over the European economies nearing serious doldrums. In addition, the economic growth has come to a halt in the three largest economies of the common currency union, and inflation has reached its lowest in five years time.

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