French manufacturing growth slows in August
France manufacturing sector grew in August as the S&P Global PMI rose to 51.1. However the reading was weaker than the initial forecast and new orders fell.
Insights:
France's manufacturing sector grew to 51.1 in August, rising from 49.8 in July, according to the final S&P Global PMI survey released on Tuesday morning. The reading surpassed the expansion threshold of 50 points but fell short of the flash estimate of 51.5. The modest recovery highlights persistent underlying weakness in demand across the eurozone's second-largest economy.
