Decline in French business activity eases

French flash manufacturing PMI has risen to 48.8 in January from from 47 in December and topped consensus of 47.5.

Services rose to 48.6 from 47.8 and vs 48.1.

Manufacturing output increased to 48.2 from 45.2.

Composite output climbed to 48.5 from 47.3.

"Moderate falls in new orders, employment and backlogs of work were...recorded in each case across both the service and manufacturing sectors," Markit says.

The CAC 40 (EWQ) is flat, while the euro is +0.4% at $1.3602. (PR)

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