France PMI October 2019

France

France: Private-sector activity gathers momentum in October

November 6, 2019

The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 52.6 in October, rebounding from September’s 50.8. As a result, the index moved further above the 50-threshold that separates expansion from contraction in business conditions.

October’s improvement largely reflected a return to growth in manufacturing production and faster output by service providers. New orders, however, expanded only for services, with manufacturers posting a marginal decline for the second month running. The rate of job creation edged up in October, boosted by quicker employment rate in manufacturing, while overall business confidence remained unchanged from September’s, as a rise in optimism at service providers was offset by reduced sentiment amid manufacturers.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.6% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, the panel sees fixed investment growth at 2.0%.


Author:, Economist

Sample Report

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

Download

France PMI Chart


France PMI October 2019 0

Note: Markit Purchasing Managers’ Index (PMI). A reading above 50.0 points indicates an expansion in business activity, while a value below 50.0 points indicates a contraction.
Source: Markit.


France Economic News

More news

Search form