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ECONOMICS COMMENTARY Feb 05, 2013

Eurozone downturn eases but national divergence hits record high

At 48.6 in January, from 47.2 in December, the Markit Eurozone PMI Composite Output Index rose to a ten-month high and came in above its earlier flash estimate of 48.2. Although signalling a further deterioration in output of the Eurozone private sector economy, the rate of decline has now eased for three straight months.

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