Manufacturing and services have declined further, data shows Private-sector activity in the Eurozone is continuing to shrink, suggesting the area’s economy will likely contract in the third quarter as the downturn in manufacturing has deepened, data compiled by S&P Global revealed on Friday. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, a measure reflecting overall economic health, rose slightly to 47.1 in September from August’s 33-month low of 46.7. However, economists warn that the reading is clearly below the 50 level that indicates a contraction, adding that the Eurozone will not retur
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