Eurozone business activity falls to lowest level since 2009
Eurozone private sector activity sank to the lowest level for three years in the second quarter as business sentiment deteriorated in the crisis-hit region, a key survey showed Thursday.
The Purchasing Managers Index (PMI) compiled by business research firm Markit was stuck at 46 points in June, the same level as May, indicating another month of contraction in activity.
"The flash PMI for June rounded off the weakest quarter for three years, indicating Eurozone GDP is likely to have fallen by 0.6 percent," said Markit chief economist Chris Williamson.
"Of particular concern is the near-record deterioration in business optimism, combined with marked falls in employment and purchasing by companies," he said.
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