France December flash services PMI 44.3 vs 46.0 expected ...Middle East

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France December flash services PMI 44.3 vs 46.0 expected
Prior 45.4Manufacturing PMI 42.0 vs 43.3 expectedPrior 42.9Composite PMI 43.7 vs 45.0 expectedPrior 44.6That's a notable miss on estimates with both the services and manufacturing sectors contracting further than in November. That's not a good vote of confidence to the ECB's policy stance yesterday. And that sets up the French economy for a technical recession towards the end of the year. HCOB notes that: This article was written by Justin Low at www.forexlive.com.

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