Growth in the Euro zone has been weaker than any forecaster predicted for November and orders are down for the first time in over a year.
Analysts see this as an indication of stagnation in the economy.
The Purchasing Managers Index is based on surveys of thousands of companies and is seen a reliable method to plot growth or otherwise.
Those indicators, which look beyond the present see no signs of any tangible improvement down the line.
Get a different perspective
Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.