France's Flash Composite PMI fell to a 7-month low of 47.0. This is down from 48.0 in November. Any reading below 50 signals contraction. The services activity, manufacturing output, and manufacturing PMI sub-indices all deteriorated further into sub-50 levels. Here's Markit: "Respondents indicated that lower new orders was behind the fall in output, in turn linked to caution among clients. New business decreased for the third month running. Services companies recorded a modest decline in new or...
France's Flash Composite PMI fell to a 7-month low of 47.0. This is down from 48.0 in November. Any reading below 50 signals contraction. The services activity, manufacturing output, and manufacturing PMI sub-indices all deteriorated further into sub-50 levels. Here's Markit: "Respondents indicated that lower new orders was behind the fall in output, in turn linked to caution among clients. New business decreased for the third month running. Services companies recorded a modest decline in new or...
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