French HCOB Composite PMI Final (Jan) 49.1 vs. Exp. 48.6 (Prev. 50)
Newsquawk Staff ·
French HCOB Composite PMI Final (Jan) 49.1 vs. Exp. 48.6 (Prev. 50)
What it means
The final print for France's HCOB Composite PMI came in at 49.1, beating expectations of 48.6 but down from the previous month's 50. This suggests a slight contraction in economic activity, as the reading below 50 indicates a slowdown, which could impact sentiment towards the Euro and influence expectations around future monetary policy in the Eurozone.
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