Wednesday, October 24, 2012

October PMIs suggest euro zone downturn deepening

Euro zone businesses in October suffered their worst month since the bloc emerged from its last recession more than three years ago, forcing them to cut more jobs to reduce costs, surveys showed on Wednesday.

The downturn that began in smaller periphery countries is now gripping Germany and France, dragging the euro zone as a whole deeper into the quagmire.

http://uk.reuters.com/article/2012/10/24/uk-october-pmi-idUKBRE89N0CK20121024