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French Manufacturing PMI at a 4-month high

Friday, Oct 23 2015
Flash France Manufacturing PMI climbed to 50.7 from 50.6 in September, beating forecasts on decline to 50.2, and raising to 4-month high. French private sector output growth firmed slightly in October, underpinned by rising activity across both services and manufacturing. The data point to modest growth momentum at the start of the final quarter, following a likely small rise in GDP during Q3. 
 
Flash France Services Activity Index climbed to 52.3 from 51.9 in September, also 4-month high. No change was expected. However, companies continued to trim staffing levels in the latest month, pointing towards ongoing softness in the labour market.
 
Euro is currently being trade around 1.1120 area. Pair is likely to find support around 1.1070 level and resistance above 1.1160 area. There will be no major data releases later in the session.
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