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Europe’s Virus Lockdowns Push Economy Into Another Contraction

City Commuters As France Hopes For Milder Lockdown Economy Hit
Photographer: Benjamin Girette/Bloomberg

The euro area is slipping into another contraction amid new virus restrictions that are taking a massive toll on parts of the economy.

IHS Markit’s composite Purchasing Managers’ Index fell to 45.1 in November from 50 in October, hinting at declining output, according to data published Monday.