Prior 47.8Manufacturing PMI 44.9 vs 46.9 expectedPrior 46.2Composite PMI 49.9 vs 48.8 expectedPrior 48.3The French economy nears stabilisation in April but it is a tale of two halves for the most part. While the services sector has returned to growth, the manufacturing sector is seen in deeper contraction territory on the month. But it is the first time in almost a year that services activity is seen expanding at least. HCOB notes that:"The French economy is back on track. The Composite Flash PMI reached its highest level in 11 months, with 49.9 index points taking it almost out of the contraction zone. The only reason for that surprisingly robust figure is the expansion of the services sect
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