Eurozone August final services PMI 52.9 vs 53.3 prelim ...Middle East

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Eurozone August final services PMI 52.9 vs 53.3 prelim
Prior 51.9Composite PMI 51.0 vs 51.2 prelimPrior 50.2A slight revision lower but the readings are still better than July. It mostly owes to a jump in French business activity though, which is arguably a one-off thanks to the Paris Olympics. One major detail to be mindful of is that the employment index dipped below the 50.0 threshold for the first time since 2021. It is but a fractional decline but it does signal that the latest slowdown in the economy is starting to impact the labour market a little perhaps. HCOB notes that:“The Olympic Games in Paris brought plenty of victories, and the French service sector was certainly among the winners. The latter helped drive accelerated growth in the

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