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France August final manufacturing PMI 46.0 vs 46.4 prelim

Prior 45.1It's a slight revision lower but at least the reading is better than July. That said, it still points to a contraction in France's manufacturing sector as new orders declined at an accelerated pace in August. HCOB notes that:“France's manufacturing sector could now enter a recession in the third quarter. The intermediate goods sector is the main drag on the industry, comfortably offsetting the marginal growth seen in the consumer goods segment. There are not many signs that suggest an... Read More

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Content Topics

France

August

Final

Manufacturing

46 Prelim

Forex

Posted: Sep 1 2023, 07:50

Author Name: forexlive

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