November 22, 2012
The flash estimate out this morning by Markit shows the PMI Composite Output Index was little-changed in November up to 45.8 from 45.7 in October.
Octoberâ€™s reading had been the lowest since June 2009.
Activity has now fallen in 14 of the last 15 months, with the exception being a marginal increase seen in January.
Chris Williamson, chief economist at Markit said the eurzone economy continued to deteriorate at an “alarming pace”.