Final Manufacturing PMI 45.3 vs. 44.9 expected and 46.2 prior.Commenting on the PMI data, Norman Liebke, Economist at Hamburg Commercial Bank, said: "French manufacturing output stayed subdued in April. The manufacturing sector continues to thwart the overall economy’s recovery, but this should only be temporarily. The Output Index dropped, reflecting a faster demand deterioration. Nevertheless, we expect a recovery in the manufacturing sector in the third quarter of this year. "Consumer goods remain at the forefront of the manufacturing recovery. While the other two segments - intermediate and investment goods – are still declining at a fast pace. This divergence has generally been ongoing
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