French composite output PMI edges up to 43.1 (flash 42.3) in February from 42.7 in January;...

|By:, SA News Editor

French composite output PMI edges up to 43.1 (flash 42.3) in February from 42.7 in January; services 43.7 (42.7) vs 43.6. The weak economy and intensifying competition "weighed on new work inflows" in the services sector and helped lead to further job cuts, says Markit. The composite data "point towards a further contraction in GDP during Q1, which would put France officially in recession." (PR)