France's PMI composite index rose to 49.9 in April, led by services sector growth at 50.5, despite manufacturing sector's decline to 44.9.
France's PMI composite index rose to 49.9 in April, driven by the services sector's 11-month high at 50.5, while the manufacturing sector fell to 44.9. The services sector growth indicates a positive sign for the French economy, but inflation remains a concern with output and input prices above 50. The economy is forecasted to recover in Q2, led by the services sector.
April 23, 2024
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