Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

French business activity expanded more strongly than forecast in April – PMI

French business activity expanded more strongly than forecast in April - PMI

PARIS (Reuters) – French business activity expanded more strongly than forecast in April, according to a survey, as the euro zone’s second-biggest economy shows signs of resilience to the hits dealt to business by the COVID-19 pandemic.

Data compiler IHS Markit said its preliminary composite Purchasing Managers Index (PMI) for April rose to 51.7 points from 50 in March, beating a consensus analyst forecast for 48.8 points.

April’s number moved the index above the 50-point threshold indicating an expansion in activity, compared to a contraction.

The flash PMI reading for France’s dominant services sector rose to 50.4 points in April from 48.2 in March, also above a consensus analyst forecast for a reading of 46.5 points.

The flash PMI for manufacturing stood at 59.2 in April, down slightly from 59.3 in March but above a forecast for 59.0 points.

IHS Markit added in its survey that anecdotal evidence showed that firms were confident of a strong economic recovery in France, once COVID-19 restrictions had been fully relaxed.

“Latest PMI data pointed to the first increase in private sector activity since the end of the initial COVID-19 rebound last summer,” said IHS Markit economic Eliot Kerr.

“Beyond the next few months, panel members are also confident of further upward momentum in demand and that was reflected by the strongest expectations towards the 12-month business outlook for over three years,” added Kerr.

(Reporting by Sudip Kar-Gupta; Editing by Toby Chopra)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post