Sharp Decline in France PMI; Private Sector Employment Drops 21st Time in 22 Months

Flash France Composite Output Index falls to 47.0 (48.0 in November), 7-month low Flash France Services Activity Index drops to 47.4 (48.0 in November), 6-month low Flash France Manufacturing Output Index slips to 45.3 (48.0 in November), 7-month low Flash France Manufacturing PMI falls to 47.1 (48.4 in November), 7-month low Both the manufacturing and service sectors signalled sharper reductions in output than in November. Services activity decreased for the second month running, and at the fastest pace since June. Meanwhile, manufacturers posted a marked decline in production, extending the current sequence of contraction to five months

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Sharp Decline in France PMI; Private Sector Employment Drops 21st Time in 22 Months