FILE PHOTO: Office buildings are seen at the financial and business district of La Defense, amid the outbreak of the coronavirus disease , in Paris, France, November 9, 2020. REUTERS/Benoit Tessier
The result easily beat economists’ average expectations in a Reuters poll for a reading of 47.2 and was just shy of the 50-point threshold that would indicate an expansion in activity. The larger services sector, which has been hit harder by coronavirus restrictions that forced most restaurants, hotels and cultural venues to shutter, saw its flash PMI rise to 47.8 from 45.6, well above expectations for 45.5.
The new measures force non-essential retail outlets to close - although exceptions are numerous - and limit people’s movements to 10 kilometres from home.
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