France: Private-sector activity growth reaches seven-month high in June
July 3, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 52.7 points in June, up from 51.2 points in May and signaling the fastest private-sector activity growth in seven months.
June’s uptick reflected the quickest expansion in services-sector activities since November 2018 and a modest recovery in manufacturing output. A solid increase in sales supported business activity, while new orders rose for a third straight month. Moreover, job creation increased at the fastest pace since last October. Meanwhile, input price inflation eased to its lowest point in almost two years.
Author: Nicolás J. Aguilar, Economist