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- France's preliminary manufacturing PMI rises in November, while services PMI declines
France's preliminary manufacturing PMI rises in November, while services PMI declines
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for France on Monday. France's preliminary manufacturing PMI rose to 50.8 in November from 50.6 in October, in line with forecasts.
France's preliminary services PMI decreased to 51.3 in November from 52.7 in October. Analysts had expected the index to fall to 52.6.
"French private sector output growth weakened slightly in November, with the Paris attacks reported to have hit activity among some service providers. However, the trend in new business firmed a little, with growth quickening to a five-month high, while backlogs of work rose again," the Senior Economist at Markit Jack Kennedy said.
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