France Private Sector Growth Slows In January

Sponsored Links

Markit Economics announced on Thursday that the Markit / CDAF Flash France Composite Output Index, which is a weighted average of the manufacturing and services PMIs, dropped to 58.1 in January from 59.2 in December. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks a four-month low in the headline composite index.

The manufacturing purchasing managers' index (PMI) remained unchanged at 54.7, while the services PMI dropped to 57 from 58.7 - a four month low.

Growth in manufacturing output again outstripped that in the services sector, Markit said. Meanwhile, employment levels at French private sector firms were slashed for the twentieth straight month, although the latest drop was the smallest since September 2008.

Markit Economics announced on Thursday that the Markit / CDAF Flash France Composite Output Index, which is a weighted average of the manufacturing and services PMIs, dropped to 58.1 in January from 59.2 in December. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks a four-month low in the headline composite index. (Market News Provided by RTTNews)