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France's Hollande Orders Employers to Pay 75% Tax

whisperatnight Wrote: Apr 03, 2013 6:06 AM
What more is there to say?

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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