EU's manufacturing activity dropped to a three-year low

Note: This section contains information in English only.
Source: BBC
The Eurozone's manufacturing Purchasing Managers' Index tumbled to 44 from the previous 45.1 in July, the lowest since 2009. Meanwhile, the Euope's biggest economy also contracted, with PMI Index at 43 level. Any reading below 50 signals contraction. The fall may be explained by declined orders, which led to cost cutting and as a result more job losses.
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Wed, 01 Aug 2012 20:48:54 GMT

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Wed, 01 Aug 2012 20:26:54 GMT

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