A new survey of euro zone manufacturing shows growth stalled in November and new orders fell at the fastest pace in 19 months.

Purchasing Managing Index is currently at 50.1, its lowest reading since June 2013.

Factory activity dropped in the bloc’s three biggest economies, Germany, France and Italy; painting a bleak picture for the future as the results come despite heavy price cutting.

Survey compiler Markit says there is a risk that renewed rot is spreading across the region from the core.