France August final services PMI 55.0 vs 55.0 prelim ...Middle East

Prior 50.1Composite PMI 53.1 vs 52.7 prelimPrior 49.1The boost in August is likely a one-off, owing much to increased demand from the Paris Olympics. This is evident as the upturn in terms of new business was relatively weak, coming in below the survey average. While input cost inflation eased further, French service providers actually raised their charges more aggressively during the month. The pace of increase was the sharpest since April.HCOB notes that:"This is no sustainable level. The French service sector saw a nearly five-point rise in its Business Activity PMI in August, reaching its highest level since May 2022. HCOB Economics thinks this is due to the Olympic Games, which was part

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France August final services PMI 55.0 vs 55.0 prelim ...Middle East

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