French manufacturing orders index falls

1st June 2005, Comments 0 comments

PARIS, June 1 (AFP) - The French index of confidence among purchasing managers in the manufacturing sector fell in May to 48.8 points from 49.8 points in April owing to a fall of new orders, the French purchasing managers' organisation CDAF said on Wednesday.

PARIS, June 1 (AFP) - The French index of confidence among purchasing managers in the manufacturing sector fell in May to 48.8 points from 49.8 points in April owing to a fall of new orders, the French purchasing managers' organisation CDAF said on Wednesday.  

This was the lowest level since September 2003, the CDAF said.  

A figure above 50 points to expansion and a smaller figure to contraction.  

CDAF said that the survey behind the index "shows a further deterioration of the economic environment for businesses in this sector."

 

© AFP

Subject: French News

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