France November final manufacturing PMI 42.9 vs 42.6 prelim ...Middle East

Demand weakness continues to be a dampener to France's manufacturing sector, with employment conditions also starting to worsen at a much more rapid pace. HCOB notes that:"France's manufacturing sector continues to suffer with weak demand. High financing costs are hurting goods producers, as is sustained destocking. There are currently no signs to suggest an improvement is near. Accordingly, our HCOB nowcast model signals contraction of -0.7% in the manufacturing sector for the fourth quarter, with a drag especially coming from the capital goods segment. "Sluggish demand isn't hitting output as hard — thanks to backlogs of work. New orders continue to decline significantly, so companies are

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