France November flash services PMI 45.7 vs 49.0 expected ...Middle East

Prior 49.2Manufacturing PMI 43.2 vs 44.5 expectedPrior 44.5Composite PMI 44.8 vs 48.3 expectedPrior 48.1We all knew that the boost in August was largely a one-off due to the Olympics but since then, it's been a stark decline for French business activity as a whole. The services sector is seen slumping hard in November with the reading being a 10-month low as demand conditions continue to struggle. The manufacturing sector eased further as well, also matching a 10-month low. These are tough times for Europe's second largest economy. HCOB notes that:“The French economy is being rocked by uncertainties. The HCOB Flash Composite PMI for November starkly reveals that businesses are heavily impact

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France November flash services PMI 45.7 vs 49.0 expected ...Middle East

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