France’s exports slip as eurozone sees more signs of economic recovery

ManufacturingManufacturing output in the eurozone grew at its highest pace since May 2011 in December but France remained a weak point amid a fresh sign of recovery, according to a key poll of the euro bloc’s purchasing managers, reports RFI.

The manufacturing purchasing managers’ index produced by the data company Markit hit 52.7 from 51.6 in November in the third consecutive monthly climb above the cut-off of 50 that signals growth.

Markit’s chief economist Chris Williamson said to Agence France Presse that the upturn in factory activity “is helping the euro area recovery become firmly established.”

The new data shows an increase in production of approximately one percent in the last quarter of 2013, setting the New Year off to a good start.

Read more of this report from RFI.