• French services PMI lower than expected in February

Market news

21 February 2018

French services PMI lower than expected in February

Private sector growth remained elevated in February according to latest data. That said, at 57.8 down from 59.6 last month, the IHS Markit Flash France Composite Output Index signalled the slowest rate of expansion since October last year. Rates of output growth softened in the manufacturing and services sectors. Moreover, the pace of expansion at manufacturers dipped below their service sector counterparts for the first time since November. Nevertheless, growth remained marked in each case.

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