France PMI September 2016

France

France: Flash Composite PMI jumps to 15-month high in September

September 23, 2016

The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September. The indicator increased from a revised 51.9 (previously reported: 51.6) in August to 53.3 in September. The result, which marks the highest reading since June 2015, surprised market analysts, who had expected a softer 51.4 result. The indicator now lies further above the 50-threshold that separates expansion from contraction.

September’s result reflected an increase in output from service providers, which more than offset flat growth in the manufacturing sector. New business increased in services but declined in manufacturing, though at the slowest pace in nine months. Employment in the French private sector rose marginally in September. At the sector level, staffing levels increased in services and decreased in manufacturing. Backlogs of works expanded in both services and manufacturing, with the former logging the sharpest increase. Regarding price developments, input prices rose in manufacturing and services while output prices dropped in both sectors.

IHS Markit noted that, “French private sector output growth strengthened at the end of the third quarter, reaching its joint-fastest pace in over five years. That was thanks to an improved performance from the dominant service sector, offsetting manufacturing stagnation. The data raise hopes of a firmer GDP print for the third quarter after growth ground to a halt in Q2.”

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.3% in 2016, which is down 0.1 percentage points over the previous month’s estimate. For 2017, the panel sees investment expanding 1.7%.


Author: Jean-Philippe Pourcelot, Economist

Sample Report

Looking for forecasts related to PMI in France? Download a sample report now.

Download

France PMI Chart


France PMI September 2016

Note: Markit Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: Markit.


France Economic News

  • France: Inflation edges up in April

    May 15, 2019

    On 15 May, the Statistical Institute (INSEE) reported that consumer prices rose 0.3% from a month earlier in April (March: +0.8% month-on-month).

    Read more

  • France: Consumer confidence stabilizes in April

    April 28, 2019

    Consumer confidence stabilized in April, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which held steady from March at 96 points.

    Read more

  • France: Business confidence edges lower in April

    April 24, 2019

    In April, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector dipped 2 points from a month earlier to land at 101 points (March: 103 points).

    Read more

  • France: Industrial output stalls in February

    April 24, 2019

    Industrial output expanded 0.4% from a month earlier and in seasonally-adjusted terms in February, on the heels of a revised 1.2% month-on-month expansion in January (previously reported: +1.3% month-on-month s.a.).

    Read more

  • France: Private-sector activity stabilizes in April

    April 23, 2019

    The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) landed at the 50.0-point threshold in April, ticking up from 48.9 points in March and signaling a stabilization of private-sector activity. April’s steadying saw services-sector activity offset a fall in manufacturing output.

    Read more

More news

Search form