Economics
Euro-Area Manufacturing Production Declines to 28-Month Low
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Europe’s manufacturing industry contracted in November, as the region edged toward recession and global demand weakened.
A manufacturing gauge based on a survey of purchasing managers in the 17-nation euro region fell to 46.4 from 47.1 in October, London-based Markit Economics said today. That’s the lowest since July 2009 and in line with an initial estimate published on Nov. 23. A reading below 50 indicates contraction.