French composite PMI falls to a 46-month low of 42.7 (as in flash estimate) in January from 44.6...

|By:, SA News Editor

French composite PMI falls to a 46-month low of 42.7 (as in flash estimate) in January from 44.6 in December. Services drops to 43.6 (as in flash) from 45.2. "The deepening malaise in the French service sector mirrors the trend seen for manufacturing," says Markit. "Accelerated job cutting, meanwhile, raises concern that unemployment could be headed higher."  (PR)