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French may Final Manufacturing Pmi falls to 44.7 in May, Lowest in 3 Years As New Orders Tumbles

The Markit PMI for the French manufacturing sector dropped to 44.7 in May from 46.9 in April
The new orders index fell to 41.6 from 43.5 in April reflecting weakness in the domestic market.
France's economy saw zero growth in the Q1 of 2012
The business confidence seen low hurting the manufacturing sector the most
The yields on France's 10-year benchmark Govt bond have fallen to a record low of about 2.4 pct, reflecting its status as a relative safe-haven for bondholders

Quotes

"Manufacturing in the grip of a deepening downturn in May."

Markit's Senior Economist Jack Kennedy

Published: 2012-06-01 09:02:00 UTC+00

See also: Current support and resistance levels

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