More Indications Euro Zone Slowdown Ahead

From Roubini Global Economics:

The September flash PMI reading of the eurozone composite index declined significantly to 53.8 from 56.2 in August, led by slower output growth in the manufacturing and services sectors. Meanwhile, public sector net borrowing increased in the UK. In the Czech Republic, Hungary and Poland, central banks look set to keep interest rates unchanged until early 2011, while Poland’s state-owned energy utility has warned it might have to cut the gas supply unless a long-delayed import agreement with Russia is finalized. More here.