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Eurozone Business Activity Slows Again: Markit


Ron Burgundy
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Business actitivity in the eurozone slowed again in November, adding to concerns that overall growth is softening as the bloc struggles out of recession, the Markit survey showsBusiness actitivity in the 17-nation eurozone slowed again in November, adding to concerns that overall growth is softening as the bloc struggles out of recession, a key survey showed on Thursday. Markit Economics said its Eurozone Composite Purchasing Managers Index (PMI) for November fell to 51.5 points from 51.9 points in October, hitting a three-month low, But activity in the French economy, the second-biggest in the eurozone, shrank in November for the first time for three months, the Markit indicator showed. Recent reports from the European Commission, the Organisation for Economic Cooperation and Development and the Standard and Poor's rating agency have expressed strong concerns about proespects for the French economy.




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