France PMI Manufacturing rose to 51.6 in November, up from 50.7 and beat expectation of 50.8. PMI Services was unchanged at 52.9, missed expectation of 53.0. PMI Composite rose to 52.7, up from 52.6.
Commenting on the Flash PMI data, Eliot Kerr, Economist at IHS Markit said:
“Another solid expansion in private sector activity maintains the positive economic picture seen in France over the past few months. Moreover, another increase in new orders and a faster rise in backlogs of work points to strong underlying demand and further growth ahead.
A notable finding from the latest PMI survey was the broad improvement across the manufacturing sector. On the whole, there was a narrower disparity in performance compared to the service sector, with a particularly positive result seen in new orders. The latest data provide good news for a sector that has recorded relatively subdued growth for well over a year.”