Seeking Alpha

French business activity contracts at faster pace

French flash manufacturing PMI has slipped to 48.5 in February from 49.3 in January and missed consensus of 49.3.

Services dropped to 46.9 from 48.9 and vs 49.4.

Manufacturing output increased to 50.5 from 48.8.

Composite output slipped to 47.6 from 48.9.

While the contraction in French business activity accelerated, there were some positive developments, says Markit, including the confidence of service providers rising to a 23-month high.

The CAC 40 (EWQ) is -0.8%. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs