Market Updates: French Flash Services & Manufacturing PMI Beat Forecast
Arslan Butt • 1 min read
The Markit just released the Purchasing Managers’ Index (PMI) figures for France. Here’s an update:
French Flash Services PMI – At 49.9 in February, the IHS Markit Flash France Composite Output Index rose from 48.2 in January, pointing to a broad stabilization in output after successive contractions in December and January. The services PMI soared to 49.8, beating the forecast of 48.6.
French Flash Manufacturing PMI – The manufacturing PMI also jumped to 51.4 beating the forecast of 51.0.
The EUR/USD is supported over the news, and now let’s wait for German PMI figures in 10 minutes.