French business activity growth slows in November: PMI

Published 12/04/2019, 04:00 AM
Updated 12/04/2019, 04:06 AM
French business activity growth slows in November: PMI

PARIS (Reuters) - French business activity expanded at a slower pace in November from October, a survey showed on Wednesday, as customer demand softened among services firms in the euro zone's second-biggest economy.

Data compiler IHS Markit said its purchasing managers' index for the services sector fell to 52.2 points from 52.9 in October, also missing a preliminary reading of 52.9.

The 50-point level marks the threshold between expansion and contraction.

IHS Markit's overall composite PMI index, which covers the services and manufacturing sectors, fell to 52.1 from 52.6. November's preliminary reading was 52.7.

The data showed "a softer rise in demand across the service sector, with new order growth easing from October. Subsequently, firms saw business activity expand at a slightly slower pace," said IHS Markit economist Eliot Kerr.

Manufacturing output rose, but not enough to offset the slowdown in services, as overall output growth softened, he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.