We have updated our privacy policy and terms & conditions. Find out more here.
0
 

French manufacturing PMI falls to 42.9 in January

Economic IndicatorsJan 24, 2013 08:06AM GMT Add a Comment
Investing.com - Manufacturing activity in France fell unexpectedly in January, dropping to a four-month low, preliminary data showed on Thursday.

In a report, market research group Markit said that its preliminary French manufacturing purchasing managers’ index fell to a seasonally adjusted 42.9 in January from a final reading of 44.6 in December.

Analysts had expected the index to ease up to 45.1 in January.  

A reading above 50.0 on the index indicates industry expansion, below indicates contraction.

Commenting on the report, Jack Kennedy, Senior Economist at Markit said, “January’s Flash PMI data signal a very disappointing start to 2013 and add to concerns that the French economy is sliding towards recession.”

Following the release of the data, the euro added to losses against the U.S. dollar, with EUR/USD falling 0.17% to trade at 1.3295.

Meanwhile, European stock markets were lower after the open. The EURO STOXX 50 fell 0.5%, France’s CAC 40 dropped 0.3%, London’s FTSE 100 declined 0.15%, while Germany's DAX slumped 0.5%.

French manufacturing PMI falls to 42.9 in January
 

Related Articles

Mexican unemployment rate 4.53% vs. 4.59% forecast
Mexican unemployment rate 4.53% vs. 4.59% forecast
By Investing.com - Dec 19, 2014

Investing.com - The unemployment rate in Mexico fell more-than-expected last month, official data showed on Friday.In a report, Insituto Nacional de Estadistica Y Geografia said ...

Canadian core CPI -0.2% vs. 0.1% forecast
Canadian core CPI -0.2% vs. 0.1% forecast
By Investing.com - Dec 19, 2014

Investing.com - Canadian core consumer price inflation fell unexpectedly last month, official data showed on Friday.In a report, Statistics Canada said that Canadian core CPI fell ...

Canadian retail sales 0.0% vs. -0.2% forecast
Canadian retail sales 0.0% vs. -0.2% forecast
By Investing.com - Dec 19, 2014

Investing.com - Canadian retail sales remained unchanged unexpectedly last month, official data showed on Friday. In a report, Statistics Canada said that retail sales remained ...

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

EUR/USD
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg
 
 
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.