France Final April Manufacturing PMI 45.3 vs. 44.9 expected ...Middle East

Final Manufacturing PMI 45.3 vs. 44.9 expected and 46.2 prior.Commenting on the PMI data, Norman Liebke, Economist at Hamburg Commercial Bank, said: "French manufacturing output stayed subdued in April. The manufacturing sector continues to thwart the overall economy’s recovery, but this should only be temporarily. The Output Index dropped, reflecting a faster demand deterioration. Nevertheless, we expect a recovery in the manufacturing sector in the third quarter of this year. "Consumer goods remain at the forefront of the manufacturing recovery. While the other two segments - intermediate and investment goods – are still declining at a fast pace. This divergence has generally been ongoing

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