Output in the euro area has been shrinking for four consecutive months The Eurozone’s economy shrank in the third quarter, with demand falling at the fastest pace in almost three years last month, Reuters reported on Wednesday, citing data compiled by S&P Global. HCOB’s final Composite Purchasing Managers’ Index (PMI) for the bloc, a measure reflecting overall economic health, rose slightly to 47.2 in September from August’s 33-month low of 46.7. The figure remained below the 50 level which indicates a contraction. Output in the Eurozone has been shrinking for four consecutive months, led by a deepening decline in
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