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France July final services PMI 47.1 vs 47.4 prelim

Prior 48.0Composite PMI 46.6 vs 46.6 prelimPrior 47.2This just confirms a further slump in the French services sector in July and a contraction in the economy as well. A lack of new business isn't an encouraging sign as that means the outlook is likely to remain more challenging in Q3 and talks of a recession will start to come back into the picture. HCOB notes that:“The French service sector is falling further behind as activity dropped for the second month in a row in July. At the same time th... Read More

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Content Topics

France

July

Final

Services

47 Prelim

Forex

Posted: Aug 3 2023, 07:50

Author Name: forexlive

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