French private sector growth gains momentum

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Friday, Sep 22 2017

French private sector growth gains momentum

The latest set of flash France PMI® data signalled a further rise in French private sector output during September. The pace of growth remained sharp overall with the IHS Markit Flash France Composite Output Index, which is based on around 85% of usual monthly survey replies, posting well above the neutral 50.0 level. Moreover, at 57.2 the rate of expansion was the most marked since May 2011.

Flash France Services Activity Index rises to 57.1 in September (54.9 in August), 4-month high, while Flash France Manufacturing PMI increases to 56.0 (55.8 in August) 77-month high. Having moderated in each of the previous three months, the rate of growth in service sectoractivity accelerated in September and was only marginally weaker than May’s near six-year peak. Further positive news was evident at goodsproducers, with manufacturing production rising to the greatest extent since April 2011.

More in this category: « Philly Fed Manufacturing Index unexpectedly rose to 23.8 German PMI rises to six-and-a-half year high as manufacturing booms »

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