French business activity at three-month low in February: PMI

French business activity at three-month low in February: PMI

FILE PHOTO: Office buildings are seen in the financial and business district of La Défense, amid the coronavirus (COVID-19) outbreak, in Paris, France, November 9, 2020. REUTERS / Benoit Tessier

PARIS (Reuters) – French business activity fell to a three-month low in February, although not as much as initially thought as COVID-19 restrictions weigh on the dominant service sector, a showed a monthly survey on Wednesday.

Data compiler IHS Markit said its purchasing managers index fell last month to 47.0 from 47.7 in January, better than an initial reading of 45.2 and pushing the index even further away from the threshold of 50 points separating an expansion of activity from a contraction.

The IHS Markit PMI sub-index for the services sector fell to 45.6 from 47.3, better than a first …

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