euro-zone manufacturing sector

Daniele Antonucci, an economist at Merrill Lynch, said the euro-zone manufacturing sector was likely to deteriorate in the fourth quarter and beyond. “The deteriorating export picture also tends to support this scenario,” he said. “We expect industrial production to contract outright in both 2009 and 2010.

http://blogs.wsj.com/economics/2008/12/22/record-drop-in-euro-zone-new-orders-adds-to-gloom/