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French factory activity slows down

  • French manufacturing PMI fell to 51.2 (flash 50.9) in April from 52.1 in March.
  • Output and new orders rose at weaker rates and employment dropped slightly, while input and output prices declined at sharper rates.
  • "With panelists reporting a continued cautious outlook among clients, the recovery seems to be struggling to gain traction," says Markit. "Until confidence begins to strengthen, prospects for the sector look set to remain subdued."
  • The CAC 40 (EWP) is -0.45%. (PR)
This was corrected on 05/02/2014 at 04:04 AM.
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