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French manufacturing activity hits six-year high in April: PMI

Reuters    Translate This Article
2 May 2017

On 2 May 2017 Reuters reported: French manufacturing activity rose to a six-year high in April as new orders improved further even though firms raised prices to pass on higher raw material costs, a survey showed on Tuesday [2 May]. Data compiler IHS Markit said its final purchasing managers' index rose to 55.1 in April from 53.3 in March, reaching the highest level since April 2011. The flow of new orders improved for the seventh month in a row to also reach a six-year high, with some firms reporting improved demand from the construction sector, which is in the early stages of a recovery after a slump. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

'The rate of job creation accelerated, while businesses remained optimistic towards their future growth prospects, indicating that growth momentum is likely to continue in the months ahead,' IHS Markit economist Alex Gill said.

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