France PMI June 2019

France

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

July 3, 2019

The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 52.7 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 the quickest expansion in services-sector activities since November 2018 and a modest recovery in manufacturing output. A solid increase in sales supported business activity, while new orders rose for a third straight month. Moreover, job creation increased at the fastest pace since last October. Meanwhile, input price inflation eased to its lowest point in almost two years.

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:, Economist

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France PMI June 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.


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