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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

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

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May 22 at 14:59 UTC
 
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