After nearly three years, France’s manufacturing sector has experienced an increase in output, according to a survey published on Friday.
Increased military spending could potentially balance out the uncertainties caused by U.S. tariffs.
The final purchasing managers index (PMI), a key indicator of economic health in the manufacturing sector, rose to 48.7 in April from 48.5 in March. This information was compiled by S&P Global for the HCOB.
It is worth noting that the PMI is an important economic indicator, measuring the activity level of purchasing managers in the manufacturing sector.
A PMI above 50 represents an expansion when compared to the previous month, while a PMI under 50 represents a contraction.
The rise to 48.7, though still under 50, marks a significant improvement for France’s manufacturing sector.
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