Business activity in France falls at quickest pace since February

[national flag of france]
Dirk von Mallinckrodt

* The headline HCOB Flash France Composite PMI Output Index fell for a second month in a row in October to 46.8, from 48.1 in September.
* Manufacturing PMI increased to 48.30 points in October from 48.20 points in September.
* Services PMI decreased to 47.10 points in October from 48.50 points in September.
* The figures pointed to a downturn in private sector business activity that was the sharpest for eight months.
* “The subdued trend in France’s private sector persists. The Flash Composite PMI for October fell to 46.8, indicating a continued and stronger contraction in overall economic activity. Output in both manufacturing and services is declining, pointing to broad-based weakness. Our in-house HCOB nowcasting model predicts zero growth for the third quarter." said [https://www.pmi.spglobal.com/Public/Home/PressRelease/23a4cb3c39244b78bb9f1e344b529133] Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank.
* ETFs: (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ])
* Currency: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD])

MORE ON FRANCE

* EWQ: French Prime Minister's Resignation Is Another Nail In The Economy [https://seekingalpha.com/article/4828337-ewq-french-prime-ministers-resignation-is-another-nail-in-the-economy]
* EWQ: French Equities In A Global Context [https://seekingalpha.com/article/4805463-ewq-french-equities-in-a-global-context]
* European markets edge higher over earnings boost [https://seekingalpha.com/news/4507297-european-markets-mixed-as-investors-brace-corporate-earnings]
* European indexes mostly lower as investors read geopolitical developments [https://seekingalpha.com/news/4506478-european-indexes-mostly-lower-as-investors-read-geopolitical-developments]
* Seeking Alpha’s Quant Rating on iShares MSCI France ETF [https://seekingalpha.com/symbol/EWQ/ratings/quant-ratings]