French Flash PMI expanded to hit two-month high in January, a release from IHS showed. The latest data indicated French’s composite output index hitting 59.7 percent in the month.
Similarly, French Services Activity Index expanded to 59.3 in January to reach a two-month high. The latest data came on the back of a reading of 59.1 in December.
However, French manufacturing output index fell to hit a two-month low of 61.2 in January. In the preceding month, the reading was 62.2. Similarly, flash manufacturing PMI fell to 58.1 in the month after hitting 58.8 in the preceding month.
The latest data showed that the reading reached a two-month low. The release pointed out that the expansion in private sector economy signaled the expansion pace that did not change from the previous survey period.
However, it was below the six-and-a-half year peak reached of 60.3 in November. Also, the expansion was broad-based in manufacturing, as well as, services sector.
The release added, “In line with the trend for input costs, average selling prices rose at a sharper pace during January. Indeed, the rate of charge inflation was the most marked since August 2011 as some firms passed on higher cost burdens to their clients. The acceleration was broad-based across the manufacturing and services sectors, with the sharper increase evident in the former.”