Manufacturing activity in France has entered into the deepest recession in the history of observations for this indicator in April 2020. The IHS data compiler Markit said that its index of purchasing managers (PMI) fell according to preliminary data up to 31.5 in April from 43.2 in March.
the Free fall of the economy led to the fall of the index to its lowest level in 1998, considerably below the line of 50 points, which separates the activity growth from its fall.
Since mid-March, France is under quarantine, which prohibits many types of activities. The prospect of gradual withdrawal of restrictions from may 11 gives no hope for smaller companies, is expected to return to work.
Executives surveyed by IHS, Markit, said that reducing the number of personnel at an accelerated rate, since virtually no sales and new orders.
According to statistics Agency INSEE, published Thursday, France's economy is experiencing the deepest recession since 1949 in the first quarter, down 5.8% compared to the previous three months.
