New data HCOB Composite PMI (Oct)
11/6/2024
actual 48.1, previous 48.6
The event is the release of the HCOB Composite Purchasing Managers' Index (PMI) for France in October 2024. The actual PMI value is 48.1, which is a decrease of 0.5 points from the previous value of 48.6. The estimated value was 47.3, so the actual value exceeded expectations.The HCOB Composite PMI is a key economic indicator that provides insight into the performance of the manufacturing and services sectors in France. A PMI value above 50 indicates expansion, while a value below 50 indicates contraction.
With a value of 48.1, this indicates a slight contraction in the French economy in October. However, the impact of this event is considered low, as it is only a marginal decrease from the previous month.
This is not investment advice. Remember to verify the information provided here.
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