France June final manufacturing PMI 45.4 vs. 45.3 prelim ...Middle East

Manufacturing PMI (final) 45.4 vs. 45.3 prelim and 46.4 prior.Key findings:New orders decrease at quicker pace, weighing on production. Accelerated declines seen for purchasing activity and employment. Price pressures intensify, with output charge inflation at 15-month high.Comment:Commenting on the PMI data, Norman Liebke, Economist at Hamburg Commercial Bank, said: "Not only did France’s manufacturing sector plunge deeper into decline, but its contraction was also widespread in June as activity in the consumer goods sub-sector dropped for the first time since January. For the other two segments – intermediate and capital goods – factory output remained depressed, particularly at the latter

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