On 14th February 2014, the economic growth in France picked up unexpectedly by a percentage of 0.3. This news was welcoming for the nation and the shock given was unexpectedly positive and unique. However, it has been said that this bounce of an unexpected kind may be the result of a wrong doing that is spending of the government (Cable 2014). The PMIs in the markit accepted generally as a gauge which is good beneath the economy of private sector depicted that deterioration of economy in all of the quarter can be contracted further by 0.1 per cent. Therefore the PMIs had continuously mentioned that the performance will become weak. The part divergence that has been reflected is due to the consistent spending made by the French government.
From this perspective, it can be said that the Purchasing managers indexes are those indicators of economies that have a derivation from the surveys that take place every month across the companies in the private sector. There are mainly two significant purchasing managers indexes producers which are the Markit group and the ISM that is the institute for supply management (Cable 2014). The PMI producer responsible for indicating the economic indicators and variations in France is the Markit Group.
Even after the President reining over the spending, it was shown in the data of officials that the investment made by public has jumped by another 1.5 per cent within the same quarter. Growth has been driven by the same in accordance to the consumption of household and the investment of business (Cable 2014). Hence, PMI did not prove itself to a fruitful guide for the gross domestic growth but it still provides a macroscopic view on how less has the economy of France advanced after the recession. Most has still being carried through the government.