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Slowdown in euro zone factories speeds up


Slowdown in euro zone factories speeds up


Manufacturing in the euro zone contracted at its fastest pace for two years last month.

The latest survey showed factories were forced to cut their workforces as a result of the downturn helping to push unemployment in the bloc as a whole to 10.3 per cent.

Earlier data showed factories in the powerhouse economies of Germany and France slowed at a rate not seen for more than two years, with contraction in Spain and Italy too.

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