AOL.com Video - Euro Zone's Deepest Downturn

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Euro Zone's Deepest Downturn

Description:The deepest economic downturn in 3 years is on its way. That's the latest grim data from a recession-hit euro zone. Markit's Purchasing Managers Index revealed factory data surpassed expectations. But with the region back in recession there was a worrying fall in services, including banks, hotels and restaurants. Even Germany saw business activity shrink for a seventh straight month. Markit's Chris Williamson. (1:18)

Source: Reuters

Tags: erozone economic crisis , euro zone recession , europe economy , reuters