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Eurozone manufacturing flat, new orders decline

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Eurozone manufacturing flat, new orders decline
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Despite a second month of price-cutting at the factory gates the eurozone’s manufacturing figures for September now look a little worse than first estimates suggested.

Expansion was slower than initially thought and will add worries for the ECB, which has made fighting deflation its top priority.

German growth was tepid, and France and Italy contracted, helping to explain the revised figures, which indicate a flat manufacturing sector in the final quarter.

While there has been expansion for 16 straight months, for a second month in a row new orders declined.

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