French Economic Activity Contracts at Fastest Pace Since April - PMI
French economic activity contracted in September at the sharpest rate since April, as both manufacturing and services sectors in the euro zone's second-largest economy experienced declines, S&P Global reported on Tuesday.
The HCOB Flash France Composite PMI Output Index fell to 48.4 in September from 49.8 in August, marking a five-month low. A reading below 50 indicates a contraction in activity.
The manufacturing sector was particularly hard-hit, with its headline PMI dropping to 48.1 from 50.4 in August, its lowest level in three months. The manufacturing output index also plunged to...
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