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[Eurozone Business Activity Sharply Declines In November] Business Activity In The Eurozone Sharply Declined In November As The Bloc's Dominant Services Sector Joined The Manufacturing Sector In Contracting, According To A Survey. The Final Reading Of Composite PMI For November Dropped To 48.3 From 50.0 In October. This Figure Is Slightly Higher Than The Preliminary Estimate Of 48.1, But Still Well Below The Neutral 50 Mark. "The Services Sector, Which Had Been Holding Up The Overall Economy, Is Now Shrinking For The First Time Since January. This Is Bad News For Overall Growth Prospects, Especially Since This Weakness Is Seen Across The Top-Three Euro Economies," Said Cyrus De La Rubia, Chief Economist At Hamburg Commercial Bank.
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