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Euro zone business activity shrinks once more as Covid second wave surges

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Economic activity in the euro zone shrunk in October, flash data showed on Friday.

Kiran Ridley | Getty Images News | Getty Images

The flash euro zone PMI composite output index, which looks at activity in both manufacturing and services sectors, dropped to a four-month low in October to 49.4, versus 50.4 in September. A reading below 50 represents a contraction in activity.

 

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Look at that huge spike in deaths. Not.

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