French business activity surprisingly returns to growth


French flash manufacturing PMI has climbed to a 33-month high of 51.9 in March from 49.7 in February and topped consensus of 49.8.

Services rose to 51.4 from 47.2 and vs 47.9.

Manufacturing output grew to 52.8 from 50.8.

Composite output increased to 51.6 from 47.9.

"Improving conditions both at home and abroad were reported to have contributed to expansion, although there was further evidence that price discounting had been necessary to support sales," says Markit.

The euro takes a jump and is +0.2% at $1.3822, while the CAC 40 (EWQ) is -0.2%. (PR)

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