2023-03-24 04:31:48 ET
- The headline Flash France PMI Composite Output Index increased to 54 points in March from 51.70 points in February of 2023, notching the second consecutive month of growth in the private sector and the sharpest since May 2022.
- The expansion was carried by the 10-month high for the services sector (55.5 vs 53.1), offsetting the continuous contraction for the manufacturing sector (47.7 vs 47.4).
- Demand for new business rose at a quicker pace than output, as backlogs of work continued to grow.
- On the price front, lower energy prices drove input price inflation to an 18-month low, allowing firms to slow the increase on prices charged to an 8-month low.
- ETFs: ( EWQ ), ( FLFR ).
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French factory activity expands the most in 10 months amid strong services activity growth