PARIS – France’s manufacturing sector contracted lower than first thought in December, a survey confirmed on Monday, despite the fact that inflationary pressures continued to weigh on the euro zone’s second-biggest economic system.
S&P International’s remaining December buying managers index (PMI) got here in at 49.2 factors, slightly below the 50 mark that denotes development in exercise.
The ultimate December studying was however above the December flash PMI determine of 48.9. It additionally marked a restoration from November’s remaining studying of 48.3.
“France’s manufacturing downturn continued into December as the consequences of inflation, slowing financial exercise and excessive vitality prices weighed on the efficiency of the sector,” sa…