​European PMIs Plunge After Olympics Hangover Hammers France – Tyler Durden

European PMIs Plunge After Olympics Hangover Hammers France The Euro area composite flash PMI plunged by 2.1pt to 48.9 in September, notably below expectations. The deceleration in the composite index was driven by the services sector, where the index fell (by 2.4pt) to 50.5, with manufacturing output contracting, printing at 44.5. Euro Area Composite PMI (Sep, Flash): 48.9, GS 50.6, consensus 50.5, last 51.0. Euro Area Manufacturing PMI (Sep, Flash): 44.8, GS 45.8, consensus 45.7, last 45.8. Euro Area Services PMI (Sep, Flash): 50.5, GS 52.4, consensus 52.3, last 52.9. This was driven not only by a big pay-back out of France, reflecting…  — Continue at ZeroHedge News : Read More