french aug flash pmis

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    From IGM News Feed

    FRENCH AUG FLASH PMIS] have come in mixed as the manuf index fell sharply to 49.3 (lowest since Jul 2009) from 50.5, while services surprised to the upside, at 56.1 from 54.2. Forecasts had been for only minor dips to 49.7 and 53.5 resp. Markit noted that business expectations in the services sector fell more than five points m/m which is seen as a worrying sign for future growth. The manufacturing sector was once again hit by drops in output and new orders, suggesting an economic slowdown ahead as global uncertainty due to a weaker US outlook weighs. Ahead, the EMU flash PMI is due at 7.58GMT, however, first Germany will have its say at 7.28GMT.

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