<p>French Flash PMI -- a composite measure that includes both the service and manufacturing sectors of the economy -- <a href="http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10859">has come in very ugly</a>.</p>
<p>Here are the key bullet points and the key chart.</p>
<p>In the chart, Flash PMI is in blue.</p>
<p><table class="image-container" width="200"><tr><td><div class="image"><img src="http://static2.businessinsider.com/image/514ac2b1ecad047b5c000018-502-363/screen shot 2013-03-21 at 4.15.55 am.png" border="0" alt="Screen Shot 2013 03 21 at 4.15.55 AM" /></div><p class="source">markit</p></td></tr></table></p>
<p><table class="image-container" width="200"><tr><td><div class="image"><img src="http://static2.businessinsider.com/image/514ac2c269beddc371000016-479-284/screen shot 2013-03-21 at 4.16.05 am.png" border="0" alt="Screen Shot 2013 03 21 at 4.16.05 AM" /></div><p class="source">Markit</p></td></tr></table></p>
<p>Economist Frederik Ducrozet notes what's so ominous about this.</p>
<blockquote class="twitter-tweet">
<p>Collapse in French services PMI (less correlated to external shocks) is not just noise, but a sign of large adjustments to come</p>
— Frederik Ducrozet (@fwred) <a href="https://twitter.com/fwred/status/314651216162484225">March 21, 2013</a></blockquote>
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BusinessInsider

French Flash PMI Comes In Horrible - Shocking Decline In Service Part Of The Economy

French Flash PMI -- a composite measure that includes both the service and manufacturing sectors of the economy -- has come in very ugly. Here are the key bullet points and the key chart. In the chart, Flash PMI is in blue. markit Markit Economist Frederik Ducrozet notes what's so ominous about this. Collapse in French services PMI (less correlated to external shocks) is not just noise, but a sign of large adjustments to come — Frederik Ducrozet (@fwred) March 21, 2013

French Flash PMI -- a composite measure that includes both the service and manufacturing sectors of the economy -- has come in very ugly. Here are the key bullet points and the key chart.

French Flash PMI Comes In Horrible - Shocking Decline In Service Part Of The Economy

Joe Weisenthal

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