Nov. 2 (Bloomberg) -- Europe’s manufacturing industry contracted for a third month in October, adding to signs the euro-area economy is edging toward a recession.
A manufacturing gauge based on a survey of purchasing managers in the 17-nation euro region fell to 47.1 from 48.5 in September, London-based Markit Economics said today. That’s below an initial estimate of 47.3 published on Oct. 24. A reading below 50 indicates contraction.
