The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global dropped to 48.1 compared with 50 in October, the most marked rate of contraction in 10 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.
"Things could hardly have turned out much worse," said chief economist Cyrus de la Rubia at Hamburg Commercial Bank.
"The euro zone's manufacturing sector is sinking deeper into recession, and now the services sector is starting to struggle after two months of marginal growth."
Denne historien er fra November 23, 2024-utgaven av The Straits Times.
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Denne historien er fra November 23, 2024-utgaven av The Straits Times.
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HUT TO ART IN ZIMBABWE
The golden rays of the afternoon sun enhance the bold, hand-painted patterns on the mud walls of a round, thatched hut in Ms Peggy Masuku's village of Matobo in south-western Zimbabwe.
Actress Son Ye-jin celebrates son's second birthday
South Korean actress Son Ye-jin may be busy filming her latest movie, but she took time out to celebrate her son's second birthday.
Menswear Dog' and social media star Bodhi dies at 15
NEW YORK - Bodhi, a Shiba Inu whose smartly tailored sport coats and luxurious knitwear helped make him the rare canine menswear influencer, has died. He was 15.
Love Actually director Richard Curtis makes first foray into animation
Two decades after scoring a surprise holiday season global hit with Love Actually (2003), British film-maker Richard Curtis is making a bid to repeat the trick with his first foray into animation.
K-pop group NewJeans leave label Ador over 'mistreatment'
SEOUL - Chart-topping K-pop group NewJeans announced on Nov 28 their decision to leave their label Ador, accusing the company of \"mistreatment\".
Design News King Living premieres plush home theatre sofas
Australian luxury furniture brand King Living has launched its King Cinema Premiere Recliner collection, designed to transform living rooms into an immersive home cinema.
Anniversary concert a celebration of budding young talent
A CELLO LIFE VOICE OF THE CELLO 10TH ANNIVERSARY CONCERT
Mayday promise to 'make it up' to fans
Lead singer Ashin says the Taiwanese rock band are committed to give back \"what was owed\" at their upcoming concerts here
Kia Carnival returns with new look, powertrain
The multi-seater is perkier than its predecessor despite having a smaller, more efficient engine
Porsche Macan 4 is punchy, comfy and city-friendly
The compact electric sport utility vehicle is also spacious and exceptionally stable at high speeds
