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French manufacturing slump eases in May, but still dire -PMI

Jun 01, 2020 - Nasdaq

PARIS, June 1 (Reuters) - France's manufacturing activity rose in May as the country began to emerge from a nearly two-month coronavirus lockdown, pulling the sector out of a nosedive that had seen activity hit a record low a month earlier, a survey showed on Monday. Data compiler IHS Markit said its final Purchasing Managers' Index rose to 40.6 from 31.5 in April. That was slightly better than a preliminary reading of 40.3 though it remained far below the 50-point line dividing expansions in a...