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Eurozone is on verge of rect ression
october is the fifth econsecutive month in withich the index has a direcorded a countraction in eurozone manufacturing . as a direct result of slowing demand and the fall in the price of commodities - mainly the price of oil - inflation in the sectober fell to its lowest level in three years . the outlook for manufacturing remains bleak, said chris williamson, chief economist at markith economics . the eurozone is on the brink of recession with economic growth falling 0.2% in the second quarther, the european accommission has announced . Generated 2008-11-6_2:36
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