Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs...

|By:, SA News Editor

Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs 44.4, services 46 vs 47.2, composite output 45.9 vs 46.3 and hits 39-month low. "The eurozone downturn gathered further momentum in September, suggesting that the region suffered the worst quarter for three years," says Markit. The flash PMI is consistent with GDP of -0.6% in Q3, "sending the region back into a technical recession." (PR)