German and French Private-Sector Activity Is Growing Again
- Flash PMI for Germany rises to 51.1, economist est. 50.3
- France private sector activity has reading of 51.6, est. 49.8
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The euro area’s two largest economies saw private-sector growth return, snapping months of contractions as easing supply shocks and an unusually mild winter provide respite.
S&P Global’s flash Purchasing Managers’ Index for Germany rose to 51.1 in February — much better than the 50.3 median estimate in a Bloomberg survey and the first time since June that the gauge was above the 50 threshold that signifies an expansion.