real-time news and commentary for investors
Thursday, Aug 22
French business activity regressses
- French flash PMI unchanged at 49.7 in August vs consensus of 50.3. Manufacturing output drops to 48.6 from 51.4 in July. Services 47.7 vs 48.6 in July and consensus of 49. Composite output declines to 47.9 from 49.1.
- "Weakness in activity and employment was broad-based across the services and manufacturing sectors, with moderate falls signaled in each case," Markit says. "There were encouraging signs from some of the more forward-looking indicators, such as a slight rise in manufacturing new orders."
- Shares (EWQ) +0.9%. (PR)