French HCOB Composite PMI Final (Feb) 49.9 vs. Exp. 49.9 (Prev. 49.1, Low. 49.6, High. 50)
Newsquawk Staff ·
French HCOB Composite PMI Final (Feb) 49.9 vs. Exp. 49.9 (Prev. 49.1, Low. 49.6, High. 50)
What it means
The French HCOB Composite PMI for February came in at 49.9, aligning with expectations and marking a slight improvement from the previous 49.1. This print suggests the economy remains on the cusp of contraction, which may keep pressure on policymakers as they navigate growth and inflation risks. Overall, while the data fits within the expected range, it adds to the case for cautious market sentiment around the Euro.
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