July 2015 France Markit manufacturing PMI flash 49.6 vs 50.7 exp

July 2015 France Markit manufacturing, services and composite PMI flash data report 24 July 2015

• Prior 50.7
• New orders 48.2 vs 49.8 prior
• Services 52.0 vs 53.8 exp. Prior 54.1
• Composite 51.5 vs 53.3 exp. Prior 53.3

Not a good start for the European numbers as French manufacturing sinks into contraction

EURUSD drops from 1.0990 to 1.0975

"The French private sector economy started the third quarter on a softer note, as growth momentum slowed in July from the near-four year high seen in June. Weaker inflows of new business were reported, while employment slipped back into contraction for the first time in five months. Overall, the data point to an economy still struggling to generate a head of steam, further fuelling the suspicion that GDP growth is unlikely to be sustained at the 0.6% pace reported in the first quarter of the year." Said Jack Kennedy at Markit

France Manufacturing, Services and Composite PMI's