Eurozone output falls at slowest rate for 15 months


bbc.co.uk
June 21, 2013

The downturn in the eurozone’s services and manufacturing sectors eased in June as output fell at its slowest rate since March 2012, a survey suggests.

Markit’s composite purchasing managers’ index (PMI) for the eurozone rose to 48.9 in June, up from 47.7 in May.

The index has been below the 50 mark, which indicates contraction, for all but one of the past 22 months.

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