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Wednesday, December 4, 2013

Eurozone business activity loses momentum.

Eurozone services PMI slipped to 51.2 in November from 51.6 in October, while composite output fell to 51.7 from 51.9. Activity in Germany, Ireland and Spain grew but contracted in Italy and France. The eurozone recovery "lost some momentum in November," says Markit. "It's clearly a concern that the rate of growth remains so fragile." The survey indicates that the bloc's economy is on course to grow by just 0.2% in Q4.

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