Eurozone August flash services PMI 53.3 vs 51.9 expected ...Middle East

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Prior 51.9Manufacturing PMI 45.6 vs 45.8 expectedPrior 45.8Composite PMI 51.2 vs 50.1 expectedPrior 50.2The beat in the French services sector is arguably what is driving the business expansion this month. So, again the caveat is that it is likely a one-off owing to the Paris Olympics. As such, the momentum might not carry on for the months ahead. Meanwhile, the slowing picture in the German economy is certainly something to be wary about as manufacturing conditions overall continue to suffer. HCOB notes that:“At first glance, this looks like a pleasant surprise: activity in the Eurozone picked up in August. But a closer look at the numbers reveals that the underlying fundamentals might be s

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Eurozone August flash services PMI 53.3 vs 51.9 expected ...Middle East

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