French Activity Picks Up as Manufacturing Returns to Growth
Thursday, 22 August 2019 14:28 WIB | ECONOMY |PMI PerancisEkonomi Eropa
France™s private sector unexpectedly gained speed in August as solid performance in services was complemented by a return to growth in manufacturing.
IHS Markit™s Purchasing Managers™ Index rose to 52.7 from 51.9 in July, defying economists™ predictions for a slight weakening. The increase was driven by a broad-based pickup in demand, with new orders expanding at the fastest pace since November.
Signs of a recovery in Europe™s second-largest economy, particularly in manufacturing, will be welcome news to policy makers hoping for a growth rebound in the euro area toward the end of the year. Yet much will hinge on whether industrial giant Germany and the rest of France™s neighbors also see a strengthening in activity.
Data for Germany are due at 9:30 a.m. Frankfurt time. Gauges for the euro area will be released 30 minutes later.
Source : Bloomberg
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