Forex and other markets news
21.02.2023, 14:52
France reveals PMI as key index
France reveals PMI as key index
France's Manufacturing and Services PMI rose in February for the first time in several months.
A survey by S&P Global showed today (February 21) that French economic activity expanded for the first time since October last year in February. This was supported by slightly slowing inflationary pressure and a strong job market.France's preliminary Purchasing Managers' Index (PMI) was 52.8 in February, up from 49.4 in January, as analysts in a Reuters survey had expected. expected to be at 49.9 in February
Numbers above 50 indicate that business activity is expanding.
In the opposite direction, the preliminary manufacturing PMI slipped to 47.9 in February from 50.5 in January, below analysts' expectations of 50.8, with a figure below 50 indicating activity. in a contraction
However, the preliminary PMI for manufacturing and services rose to 51.6 in February from 49.1 in January, beating analysts' expectations of 49.9.
The PMI for manufacturing and services in February was the highest in seven months and the first expansion since last October.
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