France PMI Manufacturing rose to 51.0 in August, up from 49.7 and beat expectation of 49.5, back in expansionary region. PMI Services rose to 53.3, up from 52.6 and beat expectation of 52.5. It’s also a 9-month high. PMI Composite Rose to 52.7, up from 51.9.
Commenting on the Flash PMI data, Eliot Kerr, Economist at IHS Markit said:
“French private sector businesses posted another solid increase in output during August. Service sector expansion continued to surpass manufacturing growth, reflecting the broader trend seen across the eurozone in recent months.
“However, in contrast to its peers, economic growth in France has remained solid and the latest set of PMI figures only add weight to the argument that this outperformance is likely to continue in the third quarter.”
