简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:PARIS (Reuters) – Frances manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders remained weak.
French Jan factory activity rebound not as strong as forecast -PMI
PARIS (Reuters) – Frances manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders remained weak.
S&P Globals final purchasing managers index (PMI) figure for January rose to 50.5 points, up from a final figure of 49.2 points in December, but below the preliminary “flash” reading of 50.8.
Any figure above 50 suggests an expansion in activity, while below that points to a contraction.
“Were starting to see more evidence to suggest that the worst of the manufacturing downturn is behind us. Although demand and production levels are still falling, rates of contraction are modest and markedly softer than those seen in the second half of last year,” said S&P Global Market Intelligence senior economist Joe Hayes.
“Nevertheless, survey respondents continue to remark on client de-stocking, a factor which continues to dampen new orders,” added Hayes.
Preliminary French fourth quarter gross domestic product figures this week showed growth of 0.1%, but economists say there is still a risk of a recession.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.