French architecture in France

France PMI November 2019

France: Private sector activity softens in November

The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) eased to 52.1 in November from 52.6 in October. Nevertheless, the index remained above the 50-threshold that separates expansion from contraction in business conditions.

November’s slip reflected easing activity and new business in the service sector amid weaker domestic demand. Conversely, the manufacturing sector reported the quickest expansion in output since June, buoyed by upbeat new orders, specially from abroad. Despite the milder overall activity, employment rose at the fastest pace in more than a year in November as both sectors hiked their workforce numbers. Finally, business confidence rose to a seven-month high.

In view of November’s developments, Eliot Kerr, economist at IHS Markit, noted:

“The latest PMI data revealed a softer rise in demand across the service sector, with new order growth easing from October. […] Meanwhile, there was a role reversal for the manufacturing sector, where a quicker increase in production provided support for the headline composite figure. However, this was insufficient to offset the slowdown in services, as overall output growth softened.”.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest