French manufacturing activity shrinks faster in September - PMI
© Reuters. An employee works on the automobile assembly line of Bluecar electric city cars at Renault car maker factory in Dieppe, western France, September 1, 2015. REUTERS/Philippe Wojazer/File Photo
HCOB's final Purchasing Managers Index for the French manufacturing sector - compiled by S&P Global - came in at 44.2 points, down from 46.0 in August but slightly better than the 43.6 points seen in a flash estimate. Readings below 50 denote contractions in activity. Manufacturers further reduced their purchasing activity, stock levels and recruitment in response to the weaker demand environment. Employment across the sector contracted for the fourth month in a row.
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