November 24, 2022

According to S&P Global’s flash survey findings, private sector activity in France declined in November for the first time since early 2021.

From 50.2 in October, the flash composite production index fell to a 21-month low of 48.8 in November. A decrease to 49.5 was predicted for the reading.

A score of 50 or higher implies sector expansion, while anything below 50 indicates contraction.

Although the overall decline was caused by a decline in service sector activity, manufacturing production volumes continued to decline in November, marking the sixth consecutive month of decline.

New business intakes decreased once more in November, according to survey data, which slowed down economic activity levels.

From 51.7 in October, the services Purchasing Managers’ Index fell to 49.4, a 20-month low. The score was anticipated to slightly decline to 50.6.

At the same time, the manufacturing PMI increased from 47.2 in October to 49.1 in November, a 3-month high. The predicted result was 47.0.

Source: RTT News
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