EU manufacturing, services contract for third straight month
ECB president Draghi predicts eurozone to slip into 'mild recession'
ZURICH - European services and manufacturing output contracted for a third month in November as the worsening debt crisis pushed the region closer to a recession.
A eurozone composite index based on a survey of purchasing managers in both industries rose to 47.2 from 46.5 in October, London-based Markit Economics said in an initial estimate on Wednesday. Economists forecast a drop to 46.1, according to the median of 17 estimates in a Bloomberg News survey.
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