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Europe’s financial crisis hits firms in Mass.

Overseas sales slow in drug, tech sectors

By Michael B. Farrell

 |  Globe Staff  

  June 11, 2012

Massachusetts companies that depend on Europe for much of their business are reporting slowing overseas sales as the debt crisis there deepens, raising concerns that it further hamper the state’s economic recovery. In the first four months of the year, overseas shipments of Massachusetts-made pharmaceutical products to Europe fell about 16 percent, and industrial machinery, including computers, dropped about 10 percent from the same period in 2011, according to the nonprofit World Institute for Strategic Economic Research in Leverett.

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