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Investing.com -- France’s manufacturing sector experienced a rapid decline in new orders in July, marking the sharpest drop since January, according to a survey released Friday.
The final HCOB France Manufacturing PMI survey compiled by S&P Global registered at 48.2 in July, a slight improvement from 48.1 in June.
Despite the marginal increase, the reading remained below the 50.0 threshold that separates growth from contraction in manufacturing activity.
The survey revealed that demand for goods, particularly from international markets, fell sharply during the month.
This significant decrease in new orders contributed to the moderate decline in operating conditions faced by French factories.
The July figures indicate continued challenges for France’s manufacturing sector, which has now remained in contractionary territory for consecutive months.
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