France’s PMI Rises to Eight-Month High in February

Financial services firm IHS Markit’s purchasing managers’ index (PMI) for France’s upstream manufacturing and services sectors was 57.4 in February, up from 52.7 in January.

The index above 50 indicates that French economic activity is expanding. This is due to the rising demand for French goods and services, even though the manufacturing sector is under pressure from supply chain problems.

The primary services PMI rose to 57.9 in February, a 49-month high, up from 53.1 in January.

The manufacturing PMI rose to 57.6 in February, a seven-month high, up from 55.5 in January.

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