---
title: French Economy Gets Olympic Boost as Germany’s Malaise Deepens French composite PMI rises to 52.7; Germany’s down to 48.5.
description: "‘August is likely an outlier due to the Olympic Games’\n\nFrench services expanded at the fastest pace in more than two years, driving Europe’s second-biggest economy as visitors from around the world flocked to Paris for the Olympic Games.\n\nS&P Global’s Purchasing Managers’ Index for the sector surged to 55 in August from 50.1 in July, far above the 50 threshold that divides growth from contraction and the median estimate of 50.3 in a Bloomberg survey.\n\nSource: Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [French Economy Gets Olympic Boost as Germany’s Malaise Deepens French composite PMI rises to 52.7; Germany’s down to 48.5.](https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-bab5d68e)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Aug 26, 2024, 12:54:49 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-bab5d68e)

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