Business & Finance
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France’s business activity was far above predictions in February, reaching close to a six-year high just two months before presidential elections. Services were particularly strong, according to the latest data. IHS Markit said its preliminary composite purchasing managers index jumped to 56.2 in February from 54.1 in January, the highest level since May 2011.
The increase beat economists’ expectations and marked the eight consecutive month that the index has been above the 50-point threshold, dividing an expansion from a contraction in activity.
“It’s a big surprise to see growth accelerate this markedly, especially in the run-up to a general election,” IHS Markit chief economist, Chris Williamson, said. “Expectations about the outlook are picking up with very few instances of companies saying they were worried about the election result on the economy.”
Economic growth of 0.6 percent in the first quarter would be the best quarterly rate in a year. The service sector index jumped to 56.7 from 54.1 in January against expectations for a slight dip to 53.8.
Government representatives, business leaders and officials from free and special economic zone nations around the world have come together for the first Su-MEET conference in Monaco. Held in the Crystal Room at the Fairmont Hotel, the two day event organised by the World Federation of Free and Special Economic Zones (FEMOZA) with the full cooperation […]
The similarities between Monaco and Singapore in the journey towards a complete digital transition were highlighted during a visit from the Singaporean Minister of Foreign Affairs in charge of the Smart Nation, Dr Vivian Balakrishnan. Minister Balakrishnan was greeted last Thursday by his local counterpart, Frédéric Ganta, the Interministerial Delegate in charge of the Digital Transition for […]
The Monaco Economic Board (MEB) recently hosted an event in Turin, Italy featuring the Monte Carlo Ballet in an effort to strengthen bonds between the two regions. Turin is the undisputed centre of the Piedmont region of Italy. Not only is it the regional capital, it is also the economic hub where success stories abound […]
Monaco achieved a record-breaking GDP of more than €6 billion in 2018, according to the latest figures from statistics group IMSEE. The Monegasque Institute of Statistics and Economic Studies (IMSEE) this week published the 2018 Gross Domestic Product (GDP) report showing positive growth in all sectors. After the slowdown of the past few years which […]