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French services activity rebounds in February as protests wane

05 March 2019 13:11 (UTC +04:00)

French services activity picked up in February from the previous month, as anti-government “yellow vests” protests lost some of their momentum, a survey showed on Tuesday, ONA reports citing reuters.

Data compiler IHS Markit said its Purchasing Managers’ Index (PMI) for the French services industry rose to 50.2 points from 47.8 in January.

IHS Markit’s overall composite PMI index, which includes both the services and manufacturing sectors, also advanced to 50.4 points from 48.2 in January.

Turnout for the 16th round of “yellow vests” (‘gilets jaunes’) protests in France last weekend was below the previous week’s levels and marches were largely peaceful, a relief for President Emmanuel Macron who has struggled to find a response to the movement.