Euro area manufacturing sector contracts for 16th month

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/FP
The Markit purchases managers' index (PMI) was 46.2, comparing with 45.4 in October, indicating the contraction of the 17-nation euro zone contraction for a 16th consecutive month. Although the pace of decrease slowed, but the downturn remains severe, suggesting that the region's recession deepened in the last quarter of the year, according to Chris Williamson, chief Markit's economist.
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