Economics
Euro-Area Growth at Risk as Factories, Services Weaken: Economy
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The euro-area economy risks a renewed slowdown.
A Purchasing Managers Index for factories and services activity unexpectedly fell to 51.4 in November, the lowest in 16 months, from 52.1 in October, London-based Markit Economics said today. A reading above 50 indicates expansion. A German measure also declined, and a separate report showed weakness in China, where a factory gauge dropped to a six-month low.