The latest data for the French Composite Purchasing Managers' Index (PMI) for April 2024 is in, showing a positive shift from the previous month. In March 2024, the PMI had been at 48.3, indicating a contraction in business activity. However, in April 2024, the PMI rose to 49.9, signaling a slight improvement in economic conditions. The data was updated on 23rd April 2024, highlighting the latest trends in the French economy.
The Composite PMI is a key indicator of the overall economic health of a country, combining the Manufacturing and Services sectors. The increase in the PMI for France in April suggests a modest recovery in business activity, albeit still below the 50-point mark that separates expansion from contraction. As the world closely watches economic indicators for signs of recovery post-pandemic, this uptick in France's Composite PMI offers some optimism for the country's economic outlook moving forward.
