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Private sector activity in France rebounded in April, driven by services which benefited from an improvement in demand, according to the PMI index published Monday by the firm S
This development is based solely on the good performance of services, which returned to growth in April, a first since May 2023. The index for this sector stood at 51.3, compared to 48.3 in March. “This return to expansion reflected an improvement in demand over the same period, although this trend was confined to domestic markets,” explained S
Regarding the business outlook for the next twelve months, there is optimism among the approximately 400 companies in the services sector surveyed. Job growth has accelerated. Concerning prices, if the increase in costs of service providers slowed down, to the lowest since August 2021, the prices charged continued to increase in April compared to the previous month. On the other hand, the manufacturing sector saw the decline in production accelerate. Published on May 2, the index measuring activity in the sector stood at 45.3 after 46.2 in March, a three-month low, and a deterioration in the manufacturing sector situation for a fifteenth consecutive month. . The outlook for activity has, however, recovered compared to March, and is at its highest level in a year.
