Prior 49.6Manufacturing PMI 44.5 vs 44.9 expectedPrior 44.6Composite PMI 47.3 vs 49.0 expectedPrior 48.6The post-Olympic blues is continuing for France and this just reaffirms that underlying conditions remain poor to start Q4. Both services and manufacturing prints were a miss on estimates with the former definitely hurting more. Adding to the likelihood of the ECB stepping up the pace of the easing cycle is that the rate of input price inflation falling to its weakest in nearly four years.EUR/USD is dragged lower, down from 1.0787 to 1.0773 currently. HCOB notes that:“France remains trapped in economic decline as the fourth quarter begins, with the challenges from the third quarter persist
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