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France's September Composite PMI Returns to Expansion at 51.2, Beating Forecasts
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The flash estimate for France's September composite Purchasing Managers' Index (PMI) came in at 51.2, significantly above the market expectation of 48.7 and the previous month's reading of 48.5. A reading above 50 indicates expansion in the private sector economy, while a reading below 50 signals contraction. The data, released by financial data provider Jin10, suggests that the French economy returned to growth in September after a period of contraction in August. The composite PMI is a key indicator of overall economic health, combining manufacturing and services sector activity. The better-than-expected figure may influence market sentiment and expectations for the eurozone's second-largest economy.
Source report
- Composite PMI: 51.2
- Market Expectation: 48.7
- Previous Reading: 48.5
The flash estimate for France's Composite Purchasing Managers' Index (PMI) in September came in at 51.2, surpassing both the market expectation of 48.7 and the previous month's reading of 48.5.
Source
金十数据Neutral / independent
Part of this Story
France’s September composite PMI jumps to 51.2, beating forecasts and ending contraction