France PMI beats expectations
France's manufacturing PMI rose to 49.5, exceeding market expectations of 49.3. The index increased by 0.2 points from the previous reading of 49.3, indicating a slight easing in the pace of contraction across the manufacturing sector.
However, the PMI remained below the 50-point threshold, signaling that manufacturing activity continued to contract. Although the modest improvement offered a positive signal, persistent weakness in production could weigh on France's economic growth outlook. The figures may also influence European Central Bank (ECB) monetary policy expectations.
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