France private sector growth strongest since mid-2020

Date:

France’s private sector grew at the fastest pace since mid-2020 as lockdown restrictions were eased and the economy began to reopen, flash survey data published by IHS Markit revealed on Friday.

The composite output index climbed more-than-expected to 57.0 in May from 51.6 in the previous month. The score was forecast to rise to 53.7.

The latest figure suggested that the private sector grew at the fastest rate since July 2020, and was also the second-strongest since February 2018.

Manufacturing production continued to grow at a faster rate than services activity.

The factory Purchasing Managers’ Index (PMI) came in at 59.2 in May, up from 58.9 in the previous month and the expected level of 58.5.At the same time, the services PMI improved to a 10-month high of 56.6 from 50.3 a month ago and was above economists’ forecast of 53.0.

Share post:

Subscribe

Popular

Workers of GHA threaten another strike over unaddressed demands.

The Senior Staff Association of the Ghana Highway Authority...

Election 2024 Poll: Bawumia 49.1%, Mahama 45.8%.

A latest scientific survey on the December 7, 2024...

Election 2024: Mahama promises Agricultural University for Afram Plains.

Former President and flagbearer of the National Democratic Congress...

GFA dissolves Black Stars management committee apologises for inability to qualify for AFCON.

The Ghana Football Association (GFA) has apologised for the...

More like this
Related