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Employment consensus in France’s private sector in August (PMI indices)

As a shock, the Flash PMI data shows a decline in French companies in August, when all activities fell for the first time since the disruption caused by the Covid-19 pandemic began at the beginning of 2021. (51.7 in July), at an 18-month low, and against and the 51st agreement.

Manufacturing output fell for the third consecutive month in August, marking the lowest since the start of Covid-19 in the first half of 2020. regulations. At the same time, employment growth continued in the services sector, although the growth rate only showed a low level, the weakest since April 2021. The Flash index of services activity fell to 51 in August (53.2 in July), while the Flash PMI Index of the manufacturing industry fell to 49 (49.5 in July), at a 27-month low.

Joe Hayes, Senior Economist at S&P Global Market Intelligence explains the latest figures from the survey: “The high estimate of the PMI data in August shows that the French economy, for the first time in a year and a half, is entering the union. Zone, the sharp decline of production in the manufacturing industry which ended the gradual increase in employment in the service sector. This was accompanied by a strong decline in books in the manufacturing industry, all the French institutions mentioned in August the weakness of the demand and the uncertainty of customers.”

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