Eurozone manufacturing and service output falls at fastest rate since late-2001 in aftermath of 9/11 terrorist attacks
Sep 23rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, registered a contraction of private manufacturing and service sectors output for the fourth consecutive month in September. Furthermore, the seasonally adjusted index slid from 48.2 in August to 47.0, indicating a rate of contraction exceeded over the survey’s ten year history only in the two months immediately following the 9/11 terrorist attacks in late-2001.