French factory activity slows down

|By:, SA News Editor

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. The data provided is the second estimate and not the "flash" estimate, as originally stated.