Euro zone services and manufacturing business contracted at a feverish pace and faster than expected in November to new record lows as consumer and business demand collapsed at home and abroad. The Services PMI sunk to 43.3 from previous 54.1 while Manufacturing PMI plummeted to 36.2 from 52.8 and the Composite PMI tanked to 39.7 from 54.1. All three indices hit lows not seen in the survey history.
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