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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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