France December final manufacturing PMI 42.1 vs 42.0 prelim ...Middle East

Prior 42.9Little change to the initial estimate but this still marks a substantial contraction in France's manufacturing output and new orders to end the year. Of note, employment conditions deteriorated as well last month. HCOB notes that:"The French manufacturing sector is stuck in a downward spiral. Tighter financing conditions and higher prices have weakened demand, which is evident in the deteriorating order situation. This has obvious negative effects on both output and employment numbers. Accordingly, our HCOB nowcast model signals contraction for the French manufacturing sector in the fourth quarter. It would mean that the sector is in a technical recession as output fell in the thir

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