Latest eurozone figures point to negative growth

12/5/2012 | Wall Street Journal, The

The eurozone's purchasing managers' index in services rose a bit last month but remained well under the break-even level, and consumers scaled back their spending in October for the third consecutive month. The readings add to indications of negative growth. "I believe this quarter will be the most difficult since the economic contraction started," said Spanish Finance Minister Luis de Guindos.

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Wall Street Journal, The

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