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French Manufacturing Continues To Contract In October

The French manufacturing sector continued to contract in October but the pace of decline was slower than initially estimated, final data from Markit Economics showed Monday.

The headline seasonally adjusted Purchasing Managers' Index fell to 48.5 in October from 48.8 in September. The flash score for October was at 47.3.

Output at French manufacturers fell further in October, extending the current period of decline to five months. Lower production reflected a continued drop in new orders. Manufacturers continued to make cutbacks to staffing levels.

Input prices increased, while prices charged by French manufacturers continued to fall in October.

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