European Stocks Drop for a Third Day in Four on Chinese Output

European stocks declined for the third time in four days after a report signaled that Chinese manufacturing will contract for an 11th month, adding to concern the global economic slowdown is deepening.

A gauge of mining companies posted the biggest drop of the 19 industry groups in the benchmark Stoxx Europe 600 Index. Daimler AG lost 2 percent after saying earnings will fall at its Mercedes Benz Cars business. Telenet Group Holding NV surged 13 percent after Liberty Global Inc. made a $2.5 billion offer to buy the rest of the communications company.