Seeking Alpha

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)
  • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
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