August flash data shows France’s private sector activity contracted further as services activity declined to a two-month low.
France’s private-sector activity shrank in August, with the flash Composite PMI dropping to 48.8 from 49.4 in July. The reading marks the lowest level in two months, driven by a sharper contraction in services.
The Services PMI fell to 48.4 from 49.6 in July, also hitting a two-month low. The decline reflects weakening demand in the sector, which had previously shown signs of stabilization.
The data suggests continued economic softness in France, with services underperforming expectations and weighing on overall activity.