Euro Zone's services and production output contracted in April

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Source: Bloomberg
Euro Area production and services output declined more than predicted in April, indicating the region continues to deteriorate. The composite index estimating both sectors fell from 49.1 in March to 46.7 in April, Markit Economics reported today. The latest drop is the fastest since October 2011. Euro stayed lower after the news. 
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Fri, 04 May 2012 11:41:53 GMT

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