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- France’s final manufacturing PMI climbs to 50.7 in June
France’s final manufacturing PMI climbs to 50.7 in June
Markit Economics released its final manufacturing purchasing managers' index (PMI) for France on Wednesday. France's final manufacturing purchasing managers' index (PMI) rose to 50.7 in June from 49.4 in May, up from the preliminary reading of 50.5. It was the first reading above 50 since April 2014.
"The French manufacturing sector edged further in the right direction during June, with output and new orders broadly stabilizing. This was reflected in firms' hiring decisions, with the rate of job shedding easing to a marginal pace," Markit economist Jack Kennedy said.
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