Germany's composite PMI fell to 47.7 in October from 49.2 in September, which, says Markit, "raises the likelihood of an outright GDP contraction during the final quarter of the year." Meanwhile, the eurozone figure of 47.7 is consistent with a quarterly fall of 0.5% in GDP, and the pace of decline in France's private sector in the past two months "has been the sharpest since the post-Lehman slump in early 2009."
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