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French S&P Global Services PMI Final (Aug) 48.0 vs. Exp. 48.4 (Prev. 49.6)

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France's final August Services PMI dropped to 48.0 amid severe weather impacts, while cautious sentiment ahead of the 2027 elections keeps business confidence below long-term averages.

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Some surveyed companies did in fact attribute lower sales and activity levels to the intense weather conditions. Nevertheless, the outlook remains a challenged one for France. With the 2027 election period looming, companies remain cautious towards the year ahead, with confidence well below its long-term average.

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