Julian Benson
on June 26th, 2023 On Friday last week, economists digested figures from the HCBO France Composite PMI which dropped to 47.3 in June, from 51.2 in May.
It was a similar story for the German composite PMI, which dropped to 50.8 in June, down from 53.9 in May. These figures signalled a sharp slowdown in service sector business activity.
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