France’s manufacturing activity in December

According to Markit Economics, France’s manufacturing PMI (purchasing managers’ index) rose strongly in December 2017, to 58.8 from 57.7 in November 2017. Whereas the index didn’t meet the market estimate of 59.3, it marked the strongest improvement in manufacturing activity since September 2000.

What France’s Manufacturing Activity Indicates

France’s expansion in manufacturing activity suggests that business and economic conditions are improving. Stronger client and domestic demand and global economic growth are supporting France’s economic activity. The French manufacturing PMI’s strong performance in December was mainly due to the following:

  • production volume and output rose at a higher rate
  • new business and export orders rose at a faster pace
  • employment in the manufacturing sector rose

Performance of various ETFs in December

The iShares MSCI France ETF (EWQ), which tracks France’s economic performance, fell 0.4% in December 2017. The iShares MSCI Eurozone ETF (EZU), which tracks the performance of the Eurozone (N100-INDEX) (FEZ) (IEV), fell 0.3%. In the next part of this series, we’ll analyze Germany’s manufacturing PMI in December 2017.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings

WRITTEN BY Adam Jones

On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.