Markit data compilation agency survey released on Thursday, 9 private sector activities in France since the 2009 recession has been the slowest growth rate, suggesting that the French economy in trouble.
according to Markit survey, with the decrease in new orders, the French manufacturing and services sectors are beginning to decline at the end and lay off.
data show that France 9Markit/CDAF initial manufacturing purchasing managers index fell to 47.3 from 8 to 49.1, a record low of 27, before the expected 48.5. The data for the second consecutive line ups and downs of less than 50.
also released data show that service sector activity continued to grow, but slow growth. France 9Markit/CDAF initial services PMI fell to 52.5 from 8 to 56.8, a record low of 25, before the estimated 54.5.
In addition, PMI France 9Markit/CDAF initial comprehensive record low of 26 , fell to 50.7 from 8 to 53.7, its lowest level for the 20097.
Markit senior economist Jack Kennedy said: “The survey evidence suggests that the worsening debt crisis in the euro area has weakened market confidence, while its debt crisis seems to have in order to curb domestic demand and economic activities affect the way euro area countries the real economy. “
Kennedy also said:” The French PMI data for the third quarter, overall suggesting a potential driving force of economic growth weakened, suggesting that France’s third-quarter GDP data may still be weak. “
Tags: 9 French manufacturing PMI low initial hit 27, France, low, manufacturing
