European PMI decreased to 46.4

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Source: Marketwatch
© Scanpix/New York Times

European manufacturing activity decreased at the fastest speed in the last 28 months. The PMI tumbled from 47.1 in October to 46.4 in November. Analysts expected the indicator will be unchanged for the period. All euro-zone countries experienced a fall that signals spreading downturn, said Chris Williamson, Markit chief economist.

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Thu, 01 Dec 2011 10:34:11 GMT

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