France Private Sector Returns to Growth in September
France private sector business activity expanded in September at its fastest pace in over two years, driven primarily by a rebound in services demand. The S&P Global Flash Composite Output Index rose to 51.2 from 48.5 in August.
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France's private sector grew at its fastest pace in 25 months during September, driven by a rebound in services demand, PMI data showed Wednesday morning. The composite output index rose to 51.2 from 48.5 in August, crossing the 50-mark that separates growth from contraction. That acceleration marks the strongest expansion for the French economy in just over two years, defying broader European economic stagnation.
