French manufacturing PMI decline eases in October

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/Reuters
French manufacturing sector declined at a lower rate in October, the flash survey by Markit Economics showed on Wednesday. The PMI advanced to 43.5, compared to 42.7 in September. Economists estimated a reading of 44. The factory output index rose to 41.6 from 39.4 in the previous month.

Service sector activity also posted slower contraction in October, with corresponding index jumping to 46.2 from 45 in September, higher than economists' expectations of 45.4. The composite output indicator increased to 44.8 from 43.2 in September.

Analysts explained lower activity levels with a further fall in new business. The new orders estimator was only slightly higher than September's 41-month low.
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Wed, 24 Oct 2012 11:39:41 GMT

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