08/24/2012 08:32 am ET Updated Oct 24, 2012

Nearing Another Recession?

The eurozone economy continues to limp toward another recession as business activity stagnates, according to data released Thursday.

A key manufacturing index showed activity across the eurozone contracting for the seventh straight month in August. The Markit composite Purchasing Managers Index was virtually unchanged from July at 46.6. Any reading below 50 signals contraction.

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