Eurozone manufacturing decline persists, PMI survey says

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Activity in the eurozone manufacturing sector fell for the fifth successive month in December, but showed a slight improvement on the previous month, a closely-watched survey suggests.

The Markit eurozone manufacturing PMI was 46.9, up from November's 28-month low of 46.4. Any score under 50 represents a contraction. Employment rose in Germany and France, but fell across the bloc as a whole.