French S&P Global Composite PMI Flash (Aug) 48.8 vs. Exp. 49.5 (Prev. 49.4)

Some firms, mainly in the service sector, highlighted the extreme heat as a reason for lower activity and demand. There was some renewed vigour in the manufacturing sector, however, as production rose for the first time since April's stockpile-driven boost, potentially indicating some more stability for factories as inflation in the goods producing sector remains on a downward trajectory. That said, inflation in the service sector ticked up for the first time since May as renewed pressures on global oil prices translated into higher fuel costs.