France's August Services PMI Falls to 48.0, Contracting for 12th Consecutive Month

According to Jin10, France's services sector PMI fell to 48.0 in August from 49.6 in July, below the initial estimate of 48.4, amid weak demand and extreme heat. The index has contracted for 12 consecutive months. Employment declined for a fourth consecutive month, while input cost inflation accelerated for the first time since May, with companies citing fuel cost pressures.
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