France flash PMI points economy close to stabilization in August

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* The headline HCOB Flash France Composite PMI Output Index posted close to the 50.0 no-change mark in August, rising from July’s 48.6 to 49.8.
* Flash France Manufacturing PMI Output Index at 49.8; Flash France Services PMI Business Activity Index at 49, a 12-month high.
* “France’s Composite PMI remained below the growth threshold in August, reinforcing the persistent trend of economic weakness that has defined the year so far. Although there was a slight improvement in the index compared to the previous month, a clear turning point is still not visible. On a more positive note, both the manufacturing and services sectors saw less pronounced contractions, which could be interpreted with cautious optimism as an early sign of stabilization." said Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank.
* ETFs: (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ])
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