UGLY FRENCH PMI: Manufacturing Index Shows Huge Drop To Lowest Level Since June 2009

This is not good news for the election prospects of French President Nicolas Sarkozy.

There has been a big drop in the French PMI, which has plunged from 46.7 from 50.0. This is the lowest level since June 2009.

Download the full report here from Markit.

The following gives a really nice stub look at the situation. Basically high inflation, and a huge drop in New Orders has slammed the index.

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For a full roundup of PMI numbers, see here >

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