France’s consumption of passenger-car engine oils (PCMO) rose for a second month in February, contrasting with a slump in the country’s heavy-duty engine oil (HDEO) and industrial oils demand.PCMO consumption of 13,700t in February rose by 3pc from year-earlier levels, according to Centre Professionel des Lubrifiants.HDEO demand fell by more than 11pc for a third month in February. The last time consumption rose was in May 2022.Industrial oil demand fell by 9pc in February.The diverging performance of the different lubricants mirrored the firmer activity in France’s services sector relative to manufacturing. PCMO is more reflective of the state of the services sector. HDEO and industrial oils are more impacted by manufacturing activity..France’s February lube demand falls
France’s consumption of passenger-car engine oils (PCMO) rose for a second month in February, contrasting with a slump in the country’s heavy-duty engine oil (HDEO) and industrial oils demand.PCMO consumption of 13,700t in February rose by 3pc from year-earlier levels, according to Centre Professionel des Lubrifiants.HDEO demand fell by more than 11pc for a third month in February. The last time consumption rose was in May 2022.Industrial oil demand fell by 9pc in February.The diverging performance of the different lubricants mirrored the firmer activity in France’s services sector relative to manufacturing. PCMO is more reflective of the state of the services sector. HDEO and industrial oils are more impacted by manufacturing activity..France’s February lube demand falls