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Tuesday, March 5, 2013

Eurozone business activity continues to decline.

Eurozone composite output PMI fell to 47.9 in February from 48.6 in January as the contraction in the bloc's business activity deepened. The service index fell to 47.9 from 48.6. The PMI data in Q1 so far points to eurozone GDP shrinking 0.2% following a drop of 0.6% in Q4, with the divergence between Germany and France "the widest in the 15-year survey history," .

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