The fragile global economic recovery took a step backwards this month as businesses across the euro zone and China's vast factory sector grew at a milder pace,business surveys showed on Thursday.
While growth in Germany was resurgent, French business activity took a tumble and contracted, underlining how lopsided the euro zone's recovery from recession is.
Patchy recoveries in developed countries meant demand for China's manufactured goods from abroad fell to a three-month low in November, bolstering expectations that the world's second largest economy could lose some vigour this quarter
A PMI index measuring new export orders fell to a three-month low of 49.4 in November from 51.3 in October, reflecting lethargic external demand.
Source: Reuters
