French PMI Comes In Horrible
REUTERS/Stringer
Anything below 50 represents contraction. The current is figure is news, indicating that France's economy overall is back in recession.
That is in comparison to Germany, which got a shot in the arm today: its PMI score is at 54.3, the highest in three months. Manufacturing was particularly good, edging back out of the contraction territory it looked like it was in last month.
France's manufacturing is dreadful in comparison, coming in at 47.3. Economists had expected a 48.5 print.
According to Twitter's Econhedge, the sub-index for new orders is falling even further, down to just 45.2. That's a strong signal that things could get even worse in the months ahead.
What's worse, the employment situation is deteriorating at the fastest pace in about 18 months. France's unemployment is already very high, at over 10%.
Markit, Insee
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market