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MarketScreener Homepage  >  Equities  >  Nyse  >  IHS Markit Ltd.    INFO   BMG475671050

IHS MARKIT LTD.

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French manufacturing slows slightly in November on new lockdown - PMI

12/01/2020 | 04:04am EST
Employees of French carmaker Renault paint new Clio RS cars at the assembly line at Renault factory in Dieppe

PARIS (Reuters) - French manufacturing activity slowed only marginally in November as the country was put back under a nationwide coronavirus lockdown last month, a survey showed on Tuesday.

Data compiler IHS Markit said its final Purchasing Managers' Index fell to 49.6 from 51.3 in October, slightly better than a preliminary reading of 49.1.

Nonetheless, the fall marked the first time in three months that the index had fallen through the 50-point line dividing expansions in activity from contractions.

"Amid the reintroduction of lockdown restrictions across France, it was unsurprising to see a fresh deterioration in business conditions faced by manufacturers," IHS Markit economist Eliot Kerr said.

"New orders dropped markedly in November, partially undermining the recovery seen in recent months. Moreover, output slipped back into contraction territory after five months of successive growth."

The government imposed its second lockdown this year on Oct. 30 to contain a resurgence in infection numbers, but last week relaxed some restrictions after case numbers fell.

(Reporting by Leigh Thomas; Editing by Catherine Evans)


© Reuters 2020
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Financials (USD)
Sales 2020 4 294 M - -
Net income 2020 867 M - -
Net Debt 2020 4 716 M - -
P/E ratio 2020 39,5x
Yield 2020 0,79%
Capitalization 34 064 M 34 064 M -
EV / Sales 2020 9,03x
EV / Sales 2021 8,25x
Nbr of Employees 15 500
Free-Float 82,1%
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 102,63 $
Last Close Price 85,51 $
Spread / Highest target 39,2%
Spread / Average Target 20,0%
Spread / Lowest Target 4,08%
EPS Revisions
Managers and Directors
NameTitle
Lance Darrell Gordon Uggla Chairman & Chief Executive Officer
Jonathan Gear Chief Financial Officer & Executive Vice President
Yaacov Mutnikas Chief Technology Officer & Chief Data Scientist
Michael Ferreira Vice President-Information Technology
Deborah Doyle McWhinney Independent Director
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