European Stocks Decline Most in Two Weeks on Fed, Economy

European stocks declined the most in more than two weeks as a measure of services and manufacturing output contracted, while concern mounted that the Federal Reserve will scale back its asset-purchase program.

All 19 industry groups in the Stoxx Europe 600 Index retreated with a gauge of carmakers dropping 2.5 percent. BHP Billiton Ltd., the world’s biggest mining company, posted its largest two-day drop in more than nine months. Safran SA slid the most since August after saying it may make an offer for Avio SpA’s space-propulsion business.