French private sector output rises marginally in April
The Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, recorded 50.5, up from 50.0 in March. Although at a five-month high and signalling the first increase in output since January, the rate of growth was marginal overall.
Expansion was driven by the service sector, where activity rose for the first time in three months. Although slight, the rate of growth was the best since November 2015.
In the manufacturing sector, production decreased for the second time in three months and at the fastest pace since last August.
New business placed with French private sector firms increased for the first time in three months during April. Although modest, the rate of growth was the sharpest since November 2015.
Service providers noted a rise in incoming new work (the fastest in five months), whereas manufacturers reported the most marked drop in new orders since February 2015 (with both domestic and export sales showing weakness). ■