Final Sept. euro-zone PMI confirms contraction...recession?

www.marketwatch.com...

FRANKFURT (MarketWatch) -- A final September purchasing managers index reading released Wednesday confirmed a contraction in private-sector activity across the euro zone.

Well, I guess Goldman Sachs prediction of the Eurozone hitting recession this year was accurate, even though they only predicted it 2 days ago Goldman source Dont worry though, its just 'mild' at the moment.

Markit said its composite PMI for the 17-nation region came in at 49.1, down from 50.7 in August and broadly in line with a preliminary reading of 49.2. A reading of less than 50 indicates a contraction in activity, while a reading of more than 50 signals growth.

Didnt Greece say it may be bankrupt within just a few more weeks? (They already are bankrupt, but whatever they're doing I guess makes them bankrupt twice? )

Further to the above from CNBC:

Euro Zone Private Sector Shrinks First Time in 2 Years