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French Private Sector Activity Weakens

By Renju Jaya   ✉   | Published:   | Follow Us On Google News

France's private sector showed fresh signs of weakness in September as output dropped at faster rates in both manufacturing and services, flash survey data from S&P Global revealed on Tuesday.

The HCOB composite output index fell unexpectedly to 48.4 from 49.8 in the previous month. The reading was forecast to rise to 49.9.

The score remained below the neutral 50.0 mark for a thirteenth straight month. Moreover, the reading signaled the biggest contraction since April.

There were renewed weakness in both manufacturing and services. The services Purchasing Managers' Index posted 48.9, down from 49.8 in August. The score was seen at 49.7.

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