FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Supply Issues Ease, Weak Demand Persists in Dec PMIs

FRANCE DATA
MNI (London)

France flash December PMIs saw manufacturing tick up by 0.6 points to 48.9 (slightly stronger than expected), whilst services dipped by 1.2 points to 48.1 (slightly weaker than expected).

Highlights from the press release:

  • French composite and services PMIs edged down to fresh 22-month lows in December, with the composite index indicating a second month of contractive activity.
  • New orders rate of decline was broadly unchanged from November (the sharpest since Feb '21).
  • Factory output was boosted by improvements in critical inputs supply.
  • Employment increased across services, fell in manufacturing for the first time since Jan '21.
  • Input price inflation was unchanged, whilst output price inflation jumped.
  • Joe Hayes, Senior Economist at S&P Global: "The PMI survey suggests the industrial economy has been in a recession throughout the second half of 2022".
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.