French business activity weakened more than expected in July -PMI

PARIS (Reuters) - French business activity weakened by more than forecast in July compared to June, and fell to a three-month low as shortages of materials and transportation delays impacted firms, according to a survey published on Friday.

Data compiler IHS Markit said its preliminary composite Purchasing Managers Index (PMI) fell to 56.8 points in July from 57.4 in June - its lowest figure in three months.

The July figure also came in below a forecast for 58.5 points, although it remained well above the 50-point threshold dividing an expansion in activity from a contraction.

Source: French business activity weakened more than expected in July -PMI (msn.com)

 

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