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FRANCE DATA: Dec Flash PMI: Weak Demand Weighs On Sales, Orders and Employment

FRANCE DATA

The French flash December composite PMI was a little better than expected at 46.7 (vs 46.0 cons, 45.9 prior). However, this masked divergence between services (48.2 vs 46.9 cons and prior) and manufacturing (41.9 vs 43.0 cons, 43.1 prior). This was the weakest manufacturing PMI reading in 55-months.

Key notes from the release:

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The French flash December composite PMI was a little better than expected at 46.7 (vs 46.0 cons, 45.9 prior). However, this masked divergence between services (48.2 vs 46.9 cons and prior) and manufacturing (41.9 vs 43.0 cons, 43.1 prior). This was the weakest manufacturing PMI reading in 55-months.

Key notes from the release:

Keep reading...Show less