Eurozone growth looks to have fallen

Turmoil in the financial markets appears to be having a longer impact on growth in the euro area than previously thought.

The EuroCOIN statistic, which the Bank of Italy and the Centre for Economic Policy Research describe as "a real-time monthly estimate of area-wide GDP growth" reporting quarter on quarter changes, fell to 0.66% in September.

This was down from 0.71% the previous month and from 0.84% in February 2007. The central bank and CEPR said: "EuroCOIN in September signals a further

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