French manufacturing activity nears six-year high in JanuaryStaff Writer | February 1, 2017
French manufacturing activity expanded at the fastest pace in nearly six years in January as demand firmed up.
Economy in France Slightly higher than a preliminary reading
That was slightly higher than a preliminary reading of 53.4 and took the index further above the 50-point line dividing expansions in activity from contractions.
Manufacturers hired staff at the fastest rate since June 2011 although the flow of new orders expanded at a slightly slower pace than in December.
"These are encouraging signs given the broad desire in France to reduce its level of unemployment," said IHS Markit economist Alex Gill.
However, he added that political uncertainty ahead of France's two-round presidential election in April and May may weigh on demand in the coming months. ■