empty
 
 

2017.11.2303:16:00UTC+00France Private Sector Growth At 78-Month High

France's private sector expanded at the fastest pace in six-and-a-half years in November, flash survey data from IHS Markit showed Thursday.

The composite output index rose unexpectedly to 60.1 in November from 57.4 in October. The expected score was 57.2.

The increase in output remained broad-based across both the manufacturing and services sub-sectors.

The services Purchasing Managers' Index climbed to 60.2 in November from 57.3 in the previous month. The reading was forecast to fall to 57.0.

Likewise, the factory PMI came in at 57.5, up from 56.1 a month ago and above the consensus of 55.

"The party goes on for the French private sector economy, with the headline flash composite output PMI hitting a six-and-a-half year high in November, buoyed by a strong demand environment," Alex Gill, an economist at IHS Markit, said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback