Eurozone challenges

BBC News - Eurozone output contracts again, PMI survey says: "Business activity in the eurozone continued to contract in November, a survey suggests.

The Markit eurozone Purchasing Managers' Output Index was little changed from October, up to 45.8 from 45.7. A reading below 50 indicates contraction.

A sharper rate of decline in the services sector was offset by an easing of the contraction among manufacturers.

The survey also warned of a 0.5% drop in GDP in the fourth quarter.

Official figures released earlier this month showed that the eurozone economy contracted by 0.1% in the third quarter, between July and September."

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