France March flash services PMI 57.4 vs 55.0 expected

• Prior 55.5
• Manufacturing PMI 54.8 vs 55.0 expected
• Prior 57.2
• Composite PMI 56.2 vs 54.3 expected
• Prior 55.5

It's a mixed report but overall, the French economy gathered more momentum in March as services output rose at the fastest pace since July last year. In contrast, manufacturing production growth slowed markedly due to ongoing supply chain problems with the Russia-Ukraine war also having some impact. Of note, cost pressures intensified with input price inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term accelerating to a survey peak with a number of companies also linking greater cost burdens to surging fuel and energy costs.

The full report can be found here.