France's Private Sector Activity Unexpectedly Declines in July, PMI Falls Short of Expectations
In July, France's private sector activity unexpectedly contracted, as indicated by the HCOB Composite Purchasing Managers' Index (PMI), which registered at 49.4. This figure was below the preliminary estimate of 49.6 and did not meet the forecast of 49.6. A PMI reading below 50 signifies a contraction in business activity, while a reading above 50 indicates expansion.
In July, France's private sector activity unexpectedly contracted, as indicated by the HCOB Composite Purchasing Managers' Index (PMI), which registered at 49.4. This figure was below the preliminary estimate of 49.6 and did not meet the forecast of 49.6. A PMI reading below 50 signifies a contraction in business activity, while a reading above 50 indicates expansion.
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