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Business activity is thriving in France despite a backdrop of security fears and political upheaval. The latest purchasing managers’ index showed the tenth consecutive month of private sector growth.
The flash reading of 57.4 puts the PMI composite index for France at a 71-month high, according to IHS Markit data.
‘While the dominant service sector remained the overall driver of growth, the rate of expansion in the manufacturing sector accelerated sharply from March, as demand for French goods continued to be buoyed by the relatively weak euro,’ says IHS Markit economist Alex Gill.
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