The pace of the eurozone’s recovery has slowed to its lowest level in almost a year and a half in November, with a closely watched poll of purchasing managers signalling activity would remain weak in the months ahead. The flash composite purchasing managers’ index for the currency area, compiled by data firm Markit, fell from 52.1 in October to 51.4 this month, just above the crucial 50 level that marks an expansion in activity and the lowest level in 16 months. While there were signs of stronger output from the region’s factories, a separate reading for the dominant services industry slipped to its lowest level in more than a year. A separate reading for new orders – a bellwether for activity in the months ahead – fell below 50 for the first time since last July. Businesses across sectors continued to slash prices, a worrying trend in an economy […]