Arab Today, arab today french manufacturing data sends mixed signals
Last Updated : GMT 06:55:28
Arab Today, arab today
Arab Today, arab today

French manufacturing data sends mixed signals

Arab Today, arab today

Arab Today, arab today French manufacturing data sends mixed signals

Paris - AFP

Manufacturing activity in France faltered in August and sales of new cars slumped, data showed on Monday, clouding recovery of the economy from recession in the second quarter. However the latest data also showed signs that the underlying climate, notably in the critically important area of export orders, may be steadying. The purchasing managers\' index of activity in the manufacturing sector had rallied in July to give a reading of 49.7, but this was also the reading for August in the latest figures on Monday. This means that the index, the result of a survey by the Markit company, has stabilised below the point of 50, which indicates expansion of contraction in the sector. Official growth data on August 14 showed that the French economy grew by 0.5 percent in the second quarter, showing unexpectedly firm recovery from a shallow recession. But analysts warned that this had been driven largely by unseasonal spending on energy during an exceptionally long winter, and that the trend might not last. The left-wing government, under strong pressures over weak growth and competitiveness, high unemployment, excessive public deficit and high taxes, scrutinises each new set of data to see if the signs bear out its forecasts that recovery is on the doorstep. The quarterly growth figure led the official statistics institute to upgrade its outlook for the year to growth of 0.1 percent, in line with the government\'s estimate, instead of minus 0.1 percent. However, President Francois Hollande, who has assured that the upward trend of unemployment will be inversed by the end of the year, said at the end of last week that in view of the growth data, the government might upgrade slightly its forecast for growth in 2013. The PMI index is considered to be a good leading indicator of how activity in the sector will develop and is also seen as an important guide to the broader trend of the economy. The latest outcome means that the index has fallen short of the halfway mark to expansion for 18 months in a row. Markit concluded that \"overall business conditions in the French manufacturing sector deteriorated slightly in August.\" In particular \"the amount of new orders placed with manufacturers in France fell further in August, extending the current period of contraction to 26 months.\" But the rate of decline was slight. The chief economic at Markit, Jack Kennedy, commented: \"French manufacturing output slipped back into contraction in August, but a broad stabilisation of new orders suggests that underlying demand is moving onto a firmer footing.\" He concluded: \"Overall, the latest data suggest that the manufacturing sector is starting to hold its ground a little better having been under the cosh in recent times.\" Meanwhile trade data from French car manufacturers showed that sales of new cars plunged by 10.9 percent on an unadjusted basis and on a 12-month comparison in August, outweighing a slight recovery in July. \"The month of August is usually weak,\" a spokesman for the CCFA committee of manufacturers said. But the figure of total new sales of 85,565 \"is really low,\" he commented. In the first eight months of the year sales of new cars in France fell by 9.8 percent, or by 8.7 percent adjusted for the number of working days by comparison with sales in the same period of last year. The auto sector is an important component of French industry.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french manufacturing data sends mixed signals Arab Today, arab today french manufacturing data sends mixed signals

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french manufacturing data sends mixed signals Arab Today, arab today french manufacturing data sends mixed signals

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday