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PMI a bit softer than expected

FRANCE DATA

Both the French manufacturing and services PMIs missed expectations by about 2 points. The following are the highlights from the press release:

  • "At the sector level, the decline in output was broad based."
  • "Albeit softer than in December, the degree of optimism was the second strongest since before the escalation of the pandemic last March. Both sectors were confident of a rise in activity over the coming year."

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