EU manufacturing growth slows
EU manufacturers have recorded their slowest growth rates in nearly a year according to market data.
Output slumped from double digit rises in October 2009 to just 3% this September, according to financial information services firm Markit.
Growth rates on Markit's PMI Manufacturing Output Index fell to 53.6 from 55.1.
The slowdown was due to a weakening in new export orders according to Markit.
Export orders fell to a ten month low in September according to Markit.
Growth in the services sector also hit a seven month low, Markit reported.
This indicated falling demand for domestic manufacturing in the Eurozone alongside falling export orders, Markit said.
