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French manufacturing PMI rises

  • French manufacturing PMI rose to 49.3 (flash 48.8) in January from from 47 in December.
  • "New orders, output, employment and stocks of purchases declined at slower rates," Markit says. "Only suppliers' delivery times made a weaker contribution."
  • The hope is that President Hollande's new reform agenda "will deliver some sort of a shot in the arm to business confidence and kick-start a return to growth," Markit says.
  • The CAC 40 (EWQ) is flat. (PR)
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