France Markit Nov PMI flash data now out 23 Nov
- 56.1 prev
- services 60.2 vs 57.0 exp vs 57.3 prev
- composite 60.1 vs 57.2 exp vs 57.4 prev
- 6 1/2 year high for composite
Decent readings sees EURUSD up to 1.1842 session highs. EURGBP up to 0.8895 pushing cable down to 1.3312
- Growth in the French private sector continued in November, according to the latest flash data. In fact, the rate of expansion accelerated from the prior survey period with the IHS Markit Flash France Composite Output Index, which is based on around 85% of usual monthly survey replies, posting a six-and-a-half year high of 60.1, up from 57.4 in October.
- The increase in output remained broad-based across both the manufacturing and services subsectors. Moreover, the rate of growth accelerated in each instance, hitting 79 and 78-month highs respectively. The pace of expansion at service providers overtook that recorded by their goods producing counterparts for the first time since July
Full report here
Gerrman PMI flash readings at 08.30 GMT. EZ at 09.00 GMT
