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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
MNI (London)
FRANCE APR FLASH MANUF PMI 45.5 (FCST 47.8); MAR 47.3
FRANCE APR FLASH SERVICES PMI 56.3 (FCST 53.5); MAR 53.9
- The April flash PMIs for France signalled continuing service sector strength, up 2.4 points at an eleven-month high of 56.3. Meanwhile manufacturing weakened for a third consecutive month, slipping 1.8 points to a third month of contraction at 45.5. This was the weakest manufacturing PMI since May 2020.
- According to Norman Liebke, Economist for the French PMI: "The French economy is starting the second quarter on a positive note with the services sector, which accounts for around 80% of the economy, improving in April at the strongest pace since May 2022."
- Services demand conditions were strong, recording a second successive increase in new business.
- Manufacturing demand conditions declined further in April, in part due to substantial strike action across France.
- Employment rose to an 11-month high as job creation quickened and business confidence edged up.
- Prices eased further, with input cost inflation slowing to a 20-month low. Meanwhile service sector price pressures remained accute, boosted by rising wage costs. Overall output-charge inflation softened to a 16-month low.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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