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French PMIs weaker than expected and....>

FRANCE DATA
FRANCE DATA: French PMIs weaker than expected and below 50 again (following last
month's recovery above 50).
- The services print is still above the level seen in January while the manuf
print has fallen back to 0.1 above Dec's low.
- Weak new orders and "the sharpest fall in new export business for nearly three
years" according to Markit press release. "Some panellists suggested that the
'gilets jaunes' disruption and the postponement of Algerian elections were in
part to blame."
- "Consistent with the decline in output during March, private sector firms were
slightly less confident towards the business outlook. That said, the degree of
optimism remained above the historical average as firms cited future investment
plans."

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