Market Updates: French Flash Services & Manufacturing PMI Beat Forecast - Forex News by FX Leaders

Market Updates: French Flash Services & Manufacturing PMI Beat Forecast

Posted Thursday, February 21, 2019 by
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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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