France PMI March 2019

France

France: Private-sector activity contracts in March

March 22, 2019

In March, the seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) dipped back below the 50.0-point threshold, landing at 48.7 points from 50.4 points a month earlier and signaling a contraction in private-sector activity.

March’s reading reflected falling output across both the manufacturing and services sectors. New orders fell at a faster pace than in February; export orders, meanwhile, slid at the fastest pace in nearly three years. Employment, however, rose marginally. Accordingly, firms’ optimism waned somewhat—but remained above-average.

FocusEconomics Consensus Forecast panelists see fixed investment growing 3.0% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees fixed investment growth at 2.5%.


Author:, Economist

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