Reported about 2 months ago
France's economy saw rapid growth in its service sector as it welcomed an influx of visitors for the Olympic Games, with a Purchasing Managers' Index (PMI) rising to 55 in August from 50.1 in July. However, manufacturing continued to decline, and while the Olympic surge may provide a temporary lift, overall economic expansion in France could slow down due to wider European economic weakness. Conversely, Germany faces a contracting economy, evidenced by a PMI of 48.5 signifying a continued downturn.
Source: YAHOO