France: manufacturing PMI returns to contraction zone

( – After settling at 50.5 in January, signaling the first growth in the French manufacturing sector for five months, the S&P Global PMI index fell back to 47.4, thus highlighting a moderate deterioration in the economy in February.

The index was pulled down by new orders, the contraction of which accelerated for the first time since October 2022. This deterioration was reflected in production levels, which thus fell for a ninth consecutive month. .

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