French business activity contracts further in August as demand conditions remain subdued

August flash services PMI 48.4 vs 49.8 expected Prior 49.6 August flash manufacturing PMI 51.5 vs 50.0 expected Prior 49.8 August flash composite PMI 48.8 vs 49.5 expected Prior 49.4 The French private sector economy remains weak in August, with another contraction seen in overall business activity. This once again continues to reaffirm that the French economy remains on track for yet another…