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.

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.