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Eurozone in double dip recession confirms business index

23.08.12 @ 14:11

  1. By EUOBSERVER

The eurozone will suffer a third quarter contraction of 0.5%, dragging the 17-country bloc into a double-dip recession, according to Markit’s Purchasing Managers’ Index. The Index, which measures orders placed with manufacturing and service sector businesses, was 46.6 in August, well below the 50 figure that divides growth and contraction.

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