French HCOB Manufacturing PMI Final (Feb) 50.1 vs. Exp. 49.9 (Prev. 51.2)
Importance
Level 1
- "Production increased in the first two months of the year, a development that several surveyed firms attribute to improved conditions in the automotive and aerospace industries. Both sectors are likely to benefit in the coming months from deregulation and sustained public-sector demand."
- "Export markets continue to provide little support, as foreign orders have fallen again since the start of the year, with February seeing weaker new business from Europe, Asia, South America, and parts of Africa."
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