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Eurozone manufacturing slowed in November

LONDON, Dec. 1 (UPI) -- Manufacturing activity in Europe slowed in November, hitting a 28-month low in the eurozone, research firm Markit Economics said Thursday.

The Purchasing Managers Index for the eurozone dropped to 46.4 in November from October's 47.1.

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Numbers above 50 indicate business growth and numbers below show a contraction.

The index for France and the Netherlands hit 29-month lows at 47.3 and 46, respectively. For Germany and Austria, the index hit 28-month lows at 47.9 and 47.6, respectively.

The index for Italy and Greece hit two-month highs at 44 and 40.9, respectively.

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