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Eurozone manufacturing activity grew at the slowest rate in more than two years in October, adding to evidence that the economic recovery is slowing.
New orders in Germany fell for the first time in four years, according to a closely-watched survey by IHS Markit.
In Italy, which is facing a showdown with Brussels over its controversial budget plans, factory activity contracted for the first time in more than two years.
IHS Markit's October barometer of activity fell to 52 in October, from 53.2 in September.
It remains above the 50 level that divides growth from contraction.
Chris Williamson, chief business economist at IHS Markit, said: "The combination of destocking, deteriorating order books and drop in business optimism will add to concerns that growth risks are shifting to the downside rather than being 'broadly balanced', as indicated by the European Central Bank."
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