News
🚨 🇫🇷 French flash PMIs miss across the board: composite 48.4 vs 50.5 expected
🚨 🇫🇷 French flash PMIs miss across the board: composite 48.4 vs 50.5 expected
- 🇫🇷 October services activity fell to 48.4 from 51.2, far short of the 50.7 forecast and back below the 50 line that separates growth from contraction, per newswires
- 🇫🇷 Manufacturing slipped to 49.3 against 50.5 expected, also back in contraction
FO view: A broad miss that puts the euro area growth scare back on the table and leaves France with weaker activity just as its borrowing costs have climbed above US levels, which keeps the French fiscal premium in focus even as Bund yields ease.
Not investment advice.