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France August flash services PMI 46.7 vs 47.5 expected

Prior 47.1Manufacturing PMI 46.4 vs 45.0 expectedPrior 45.1Composite PMI 46.6 vs 47.5 expectedPrior 46.6The fall in services sector is the thing to note here, with the headline reading being a 30-month low. In the context of the French economy, that matters more than the slight improvement in manufacturing fortunes on the month. All this just continues to point to a persistent contraction in the economy during Q3 and that raises further the risks of a recession later this year. HCOB notes that:“... Read More

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Content Topics

France

August

Flash

Services

46

47 Expected

Forex

Posted: Aug 23 2023, 07:15

Author Name: forexlive

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