Eurozone Recession Deepens, According to Business Survey

Indicators keep getting worse

Europe appears headed for a deepening economic recession despite a recent easing in market concerns over the three-year debt crisis, a closely-watched survey found Thursday.

Financial data company Markit said its purchasing managers' index — a gauge of business activity — for the 17-country eurozone fell to 45.9 in September from 46.3 the previous month.