AsianFin--Business activity in the Euro zone got a lift from France’s hosting of the Olympic Games in August, though the economic outlook may revert once the Paralympics conclude, as weak demand continues, according to a recent survey.

The HCOB composite Purchasing Managers' Index (PMI) for the Euro zone, compiled by S&P Global and a reliable indicator of overall economic health, rose to 51.0 in August from 50.2 in July.

This reading remained above the 50 threshold that separates growth from contraction for the sixth consecutive month, though it was slightly below the preliminary estimate of 51.2.

“The Olympic Games in Paris certainly brought a boost, especially to the French service sector,” noted Cyrus de la Rubia from Hamburg Commercial Bank. “However, the key question is whether this uplift will be sustained.”