Thu, 24 Jul 2014 11:09:10 GMT
French manufacturing PMI drops to seven-month low
In France, manufacturing sector contracted to the lowest level in seven months. Manufacturing PMI dropped from 48.2 in June to 47.6 in July. It had been forecast to be at 48.1, therefore being inferior to what analysts expected. However, the Services PMI increased from 48.2 to 50.4 this month. Values over 50 show industry growth, if below, they show contraction.