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French business conditions deteriorate further in May, but at softer rate
May PMI® data pointed to another sharp deterioration in business conditions faced by French manufacturers, with many firms still debilitated by restrictions designed to stem the spread of coronavirus. The latest decline was softer than April's survey record, however, with output, new orders and employment all falling at slower rates. Meanwhile, firms saw input delivery times continue to lengthen in a further sign of supply-chain disruption. The seasonally adjusted IHS Markit France Manufacturing Purchasing Managers' Index® (PMI) – a single figure measure of developments in overall business conditions – rose to ... (full story)