Thursday, June 21, 2012

Eurozone business activity shrinks; US, China output slows

Eurozone business activity shrinks; US, China output slows: NEW YORK, June 21 – Business activity across the euro zone shrank for a fifth straight month in June and Chinese manufacturing contracted, while weaker overseas demand slowed US factory growth, surveys showed today. The data darkened the outlook for the world economy, adding to fears that Europe’s debt crisis and slower growth in the United States ...


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