France November flash services PMI 45.3 vs 45.6 expected ...Middle East

Prior 45.2Manufacturing PMI 42.6 vs 43.1 expectedPrior 42.8Composite PMI 44.5 vs 45.0 expectedPrior 44.6The French economy continues to stutter in November, with overall business activity contracting at a rather similar pace to the month before. The manufacturing index slumped further with output in the sector falling to its weakest in 42 months. Overall, softer demand conditions continue to take a toll on the French economy. HCOB notes that:“The French economy is kind of in a dead-end. Output has declined for the sixth month in a row, especially precipitated by lower demand overall and from abroad. Both sectors’ activity levels – manufacturing and services – declined significantly in Novemb

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