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French IP is obviously quite a noisy....>

FRANCE DATA
FRANCE DATA: French IP is obviously quite a noisy series but its worth noting
that the 3-month moving average of the Y/Y IP print continues to move higher and
is now at its highest level in just over a year. Manufacturing growth similar
not been picking up quite so much in the past three months but still at close to
highest levels of the year on the 3m Y/Y.

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