PMI data for erhvervstillid for Frankrig:
The latest flash PMI data showed that France’s private sector economy continued to contract in November. The seasonally adjusted Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, registered 48.4, up fractionally from 48.2 in October. The latest reading was again indicative of a moderate rate of contraction. While service providers reported the slowest fall in activity of the current three-month period of decline, manufacturers indicated the sharpest reduction in output since August.
Lower output at French private sector companies reflected a further decrease in new business. November marked the third consecutive month in which new work has fallen, with the rate of decline accelerating to the sharpest since June 2013. Faster reductions were signalled in both the services and manufacturing sectors. New export orders received by manufacturers fell further. However, the pace of contraction eased and was considerably slower than that indicated for total new orders, suggesting that the main area of demand weakness was the domestic market. Anecdotal evidence from the survey panel pointed to fragile economic conditions and a lack of client confidence as factors weighing on new business. Employment in the French private sector continued to fall in the latest survey period, in line with the trend observed since November 2013. That said, the rate of job shedding eased to the weakest in three months. Slower decreases in staffing levels were indicated in both the services and manufacturing sectors.
French private sector companies reported another drop in outstanding business during November. The latest fall was the seventh in successive months and the sharpest since May 2013. Service providers indicated an accelerated decline in backlogs, whereas manufacturers reported a slightly slower fall.
