French economy worsens as PMI falls to March 2009 lows

Markit Purchasing Manager's Index (PMI) data was bleaker than expected for France, while manufacturing PMI was constant at 43.9 (despite an expected improvement to 44.3) services PMI dropped to a February 2009 low of 41.9. The outlook for services was expected to improve from 43.7 to 44.0. Composite PMI fell to a March 2009 low.