France: Private-sector activity growth reaches seven-month high in June
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 52.9 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 stronger services-sector activity and a modest recovery in manufacturing output. New orders rose for a third straight month, while new export orders rose for the first time in eight months. Moreover, employment ticked up. Firms’ optimism, on the other hand, eased from May.