France January final manufacturing PMI 43.1 vs 43.2 prelim ...Middle East

Prior 42.1Little change to the initial estimate as France's manufacturing sector continues to see a sharp contraction in January. New orders showed a considerable drop once again while output levels also saw a steep decline to start the year. Adding to the woes is that employment conditions are also softening and that is a worry for the economy. HCOB notes that:"The French manufacturing sector is off to a bad start in the new year. Production has once again fallen at a rapid pace and the employment situation deteriorated further. This is mainly due to sluggish demand, as also shown by the PMI for new orders. Subsequently, our HCOB Nowcast points to a further contraction in the manufacturing

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