Free Trial

FRANCE DATA: Nov Flash PMI: Political and Economic Uncertainty Weighs

FRANCE DATA

The French November flash PMIs were much weaker than expected, with the composite reading reaching its lowest since January at 44.8 (vs 48.3 cons, 48.1 prior). Services saw a notable miss at 45.7 (vs 49.0 cons, 49.2 prior), with political and economic uncertainty cited by respondents – a risk we had flagged in our preview.

There was also an "intensification of cost pressures across France", with services firms passing these increases onto output charges.

Keep reading...Show less
216 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The French November flash PMIs were much weaker than expected, with the composite reading reaching its lowest since January at 44.8 (vs 48.3 cons, 48.1 prior). Services saw a notable miss at 45.7 (vs 49.0 cons, 49.2 prior), with political and economic uncertainty cited by respondents – a risk we had flagged in our preview.

There was also an "intensification of cost pressures across France", with services firms passing these increases onto output charges.

Keep reading...Show less