Eurozone business activity hits fresh low
Business activity in the eurozone contracted at its fastest pace in almost three-and-a-half years in October, a survey suggests.
The Markit Flash Eurozone Purchasing Managers' (PMI) Composite Output Index fell to 45.8, from 46.1 in September.
A figure below 50 indicates contraction. However, manufacturers said they expected a modest recovery in output in the next three months.
Nigel Cassidy reports.
24 Oct 2012