In response to:

France's Hollande Orders Employers to Pay 75% Tax

Joe 145 Wrote: Apr 03, 2013 8:41 AM
Socialist economic policy yielding socialist economic results. The French President is not listening. Socialists don't listen very well as President Obama demonstrates everyday. (I have trouble listening also. It is hard work. However, at least I attempt to listen. President Obama does not even bother. I don't know about the French President all that well, but from what I am seeing and hearing, it sure looks like he does not bother himself much either.)

As expected, economic news in France continues to worsen. The Markit France Manufacturing PMI final data French manufacturing sector operating conditions continue to deteriorate at marked pace.

Key points:

PMI remains indicative of sharp downturn despite rising to three-month high
Output, new orders and employment fall further
Prices charged cut at fastest rate since November 2009

Summary:

Operating conditions in the French manufacturing sector continued to worsen in March. Although the headline Purchasing Managers’ Index ® inched up...

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