Eurozone in recession, survey shows

The eurozone has fallen into recession, with industry particularly badly hit by the fallout from global economic turmoil, survey results indicated yesterday.

Private-sector output in the 15-country region has contracted in September for the fourth consecutive month, according to eurozone purchasing managers' indices.

The pace of decline is the fastest since the aftermath of the September 2001 terrorist attacks, with manufacturing faring worse than services.

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