<p>This was a decent French PMI report.</p>
<p>The index rose to 49.7 from 48.4. That's still in contraction, and was a hair worse than expectations.</p>
<p>But it's an improvement from last month, and output rose for the first time in 17 months.</p>
<p>From <a href="http://www.markiteconomics.com/Survey/PressRelease.mvc/e26a4ad0796b42ac96c0c345d8d518c0">Markit</a>:</p>
<p><div class="image-container display-table"><div><div class="image"><img src="http://static4.businessinsider.com/image/51fa13e5ecad04457a000002-575-636/screen shot 2013-08-01 at 3.51.00 am.png" border="0" alt="Screen Shot 2013 08 01 at 3.51.00 AM" /><p class="source"><a href="http://www.markiteconomics.com/Survey/PressRelease.mvc/e26a4ad0796b42ac96c0c345d8d518c0">Markit</a></p></div></div></div></p>

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French PMI Rises - Output Expands For The First Time In 17 Months

This was a decent French PMI report. The index rose to 49.7 from 48.4. That's still in contraction, and was a hair worse than expectations. But it's an improvement from last month, and output rose for the first time in 17 months. From Markit: Markit

This was a decent French PMI report. 
The index rose to 49.

French PMI Rises - Output Expands For The First Time In 17 Months

Joe Weisenthal

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