France PMI June 2019

France: Private-sector activity growth reaches seven-month high in June

June 21, 2019

The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 52.9 points in June, up from 51.2 points in May and signaling the fastest private-sector activity growth in seven months.

June’s uptick reflected stronger services-sector activity and a modest recovery in manufacturing output. New orders rose for a third straight month, while new export orders rose for the first time in eight months. Moreover, employment ticked up. Firms’ optimism, on the other hand, eased from May.

France Fixed Investment Forecast

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.3% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees fixed investment growth at 2.0%.

Author: Christopher Thomas, Economist

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France PMI Chart

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.

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