France February final services PMI 55.5 vs 57.9 prelim

• Composite PMI 55.5 vs 57.4 prelim

That's a bit of a drag in the revision but the reading still reaffirms a modest rebound as compared to January's slowdown. The omicron disruption is fading and that is seeing a decent rebound in services output but 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 pressures remain elevated. Markit notes that:

"As daily COVID-19 case numbers took a downward trajectory, latest survey data showed a rebound in growth across the service sector in February. There were plenty of encouraging signs for economic activity midway through the first quarter – demand for services rose at the fastest pace since last summer, and panel member reports suggest that the underlying market trend is supportive. Looser virus containment measures have helped this, especially with respect to new business from abroad, which rose at a seriesrecord rate.

"Risks of growth dampeners still remain notable, however. Inflation risks are clearly tilted to the upside, with soaring energy prices and reports of rising wages maintaining pressure on business costs. It's clear that pricing power among firms is strong at present. While selling prices continue to rise at near-record highs, new orders are growing at a decent clip. It's likely that policymakers will need to intervene to cool price pressures, and this puts broader recovery efforts in a precarious position."