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PARIS- French business activity grew in April at the fastest pace in more than four years, a monthly survey showed, as the euro zone’s second-biggest economy benefited from fewer COVID-19 restrictions, more job creation and higher orders.
Nevertheless, inflation remained a concern for many French businesses, S&P Global said in its monthly purchasing managers’ survey, released on Friday.
S&P Global said its April flash services PMI reading for France stood at 58.8 points – up from 57.4 in March and beating expectations for a reading of 56.5 points.
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Any reading above 50 indicates growth.
The flash manufacturing PMI for April rose to 55.4 points from 54.7 in March, also beating a forecast of 53.0 points.
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