Global Economy
French S&P Global Manufacturing PMI Final (Aug) 51.1 vs. Exp. 51.5 (Prev. 49.8)
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France's August Manufacturing PMI rose to 51.1, below expectations but expanding from 49.8. Falling inflationary pressures and factory gate disinflation may support manufacturing order books.
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"Falling inflationary pressures are a positive outcome considering the step-up in oil prices over the summer. The disinflationary trend seen in factory gate prices could provide a much-needed tailwind for order books."
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