Eurozone factory downturn deepens

2012-11-02 8

No respite for the eurozone economy, as manufacturing in the region shrank for the 15th month running in October.

Surveys of factory managers showed output and new orders both fell.

Manufacturers were the driving force behind the bloc's recovery from the last recession, but the downturn in factory activity that began in smaller periphery countries has now engulfed core members.

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