(RTTNews) - An indicator of health in the French manufacturing sector fell to its lowest level in 10 months in July, reflecting weaker expansions of output and new orders, alongside a faster decline in employment.The Markit manufacturing purchasing managers' index - an indicator of health at 400 manufacturing companies across France - fell to 53.9 from 54.8 in the previous month. A reading above 50 indicates expansion while one below suggests contraction.
Output continued to rise in the French manufacturing sector, although the rate of increase eased for the fourth month running to the slowest since August 2009. Survey respondents blamed the weaker rise in output to an easing in growth of new orders.
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(RTTNews) - An indicator of health in the French manufacturing sector fell to its lowest level in 10 months in July, reflecting weaker expansions of output and new orders, alongside a faster decline in employment.
The Markit manufacturing purchasing managers' index - an indicator of health at 400 manufacturing companiesacross France - fell to 53.9 from 54.8 in the previous month. A reading above 50 indicates expansion while one below suggests contraction.
Output continued to rise in the French manufacturing sector, although the rate of increase eased for the fourth month running to the slowest since August 2009. Survey respondents blamed the weaker rise in output to an easing in growth of new orders.
New orders rose at the slowest pace in 11 months. Data signaled softer growth of both domestic and export sales.
Employment in the French manufacturing sector declined again in July, amid reports of company restructuring programs. The rate of job shedding accelerated to the sharpest since September 2009.
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