France PMI Manufacturing dropped from 57.5 to 55.2 in September, below expectation of 57.3, lowest in 8 months. PMI Services dropped slightly from 56.3 to 56.0, below expectation of 56.0, lowest in 5 months. PMI Composite dropped from 56.9 to 55.1, lowest in 5 months.


“Flash PMI data for September provides clear evidence that economic growth in France is cooling…
“The most striking finding from the September survey was the strong drop-off in manufacturing production growth, which panel members linked to the well-documented supply-side issues that are ongoing at present…
“These issues aren’t just confined to the manufacturing sector either, with service providers also affected.
“An accelerated deterioration in supplier delivery times has again pushed up inflation, after August data provided tentative hopes that some of these pressures were coming off the boil.
“Overall, slowing demand growth, rising prices and considerable supply-side issues are – to say the least – far from the ideal conditions as we head into what seems to be another challenging winter period.”