French Manufacturing Index Rises To 17-Month High — Output Soars To Highest In Over Two Years

It’s clear that the recession is coming to an end in Europe.

The latest evidence: Very nice French manufacturing data from the Markit Flash PMI index.

Here’s the snapshot.

Screen Shot 2013 07 24 at 3.00.39 AM

The sub-50 58.8 number is still contractionary, but the multi-month highs, including that 51.3 reading on the output index indicates that the shrinkage period is rapidly coming to an end.

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