PARIS (Reuters) - France's manufacturing sector contracted for the seventh month in a row and at a slightly sharper pace than initially forecast in ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSPARIS - France's manufacturing sector contracted for the seventh month in a row and at a slightly sharper pace than initially forecast in August, a business survey showed on Friday.
"The intermediate goods sector is the main drag on the industry, comfortably offsetting the marginal growth seen in the consumer goods segment", said HCOB economist Norman Liebke in a press release. In a sign that French industry could be headed for a full-fledged recession, a subindex for new orders fell at an accelerated pace in August to 42.5 from 42.9 points in July.
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