France's Services and Composite PMIs Drop Below Estimates in August
In August, the S&P Global France Services PMI Business Activity Index dropped to 48.0 from 49.6 in July, falling below expectations of 48.4. This indicates a slowdown in service sector activity within France. Additionally, the Composite PMI Output Index also declined to 48.5 from 49.4 in July. The figures suggest weakening economic momentum across both manufacturing and services sectors in France. A reading below 50 signals contraction, raising concerns about broader economic performance amid global inflationary pressures and energy costs.
Topics: economic activity France PMI services sector