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More hard times as Eurozone manufacturing shrinks


economy

More hard times as Eurozone manufacturing shrinks

Manufacturing output across the 17 state eurozone contracted more than expected in August flagging the prospect of more hard times in the months to come.

The sector is battling the debt crisis, austerity measures and a drop in consumer demand.

Factory price cuts have failed to boost sales.

Economic confidence across the eurozone is at a three-year low.

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