Europe shares dip after mixed manufacturing data

miércoles 1 de octubre de 2014 04:35 GYT

* FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct

* Nexans, Sainsbury drop after warning on sales outlook

* Spanish stocks outperform after strong manufacturing data

By Blaise Robinson

PARIS, Oct 1 (Reuters) - European shares dipped on Wednesday following mixed manufacturing data and as sales warnings from J Sainsbury and Nexans fuelled worries over the outlook for European corporate results.

Data showed German manufacturing activity shrank for the first time in 15 months in September as new orders dried up. Overall, manufacturing growth in the euro zone slowed further in September as new orders contracted for the first time in over a year on dwindling demand at home and from abroad.

At 0810 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,377.44 points.

Spanish stocks outperformed, with Madrid's IBEX up 0.4 percent, after data showed the country's manufacturing sector expanded for the 10th straight month in September amid an economic recovery.

Greek banks featured among the top gainers in Europe, with Alpha Bank up 4.6 percent and National Bank of Greece up 4.3 percent, after sources said Greece has won an important concession from the European Central Bank that could help its top four lenders pass the asset quality review.   Continuación...