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French manufacturing sector growth stabilises in April
Having softened substantially in recent months, April saw a stabilisation in the rate expansion in the French manufacturing sector, with the headline PMI number broadly unchanged from March. Rates of output and employment growth quickened slightly from the prior month, while new orders rose to a slightly weaker extent than in March. Business confidence dipped to a seven-month low, but remained firmly above the series average. On the price front, input price inflation remained elevated, and contributed to another sharp rise in average selling prices. The IHS Markit France Manufacturing Purchasing Managers’ Index® ... (full story)