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French Private Sector Growth Rebounds
The S&P Global Flash Composite Output Index rose to 51.2 from 48.5, as new orders increased for the first time in 10 months.
- On Wednesday, France's private sector returned to growth in September, marking the fastest expansion in over two years as the S&P Global Flash France Composite Output Index reached 51.2.
- Services provided the primary momentum, with The Flash France Services PMI Business Activity Index rising to 51.4 from 48.0, and new orders increasing for the first time in 10 months.
- Despite the growth, companies reduced staff for a fifth successive month, while input costs and output charges rose at their fastest rates since May, fueled by higher energy and metal prices.
- Joe Hayes, Senior Principal Economist at S&P Global Market Intelligence, noted the economy displayed resilience, though he cautioned that expansion durability remains questionable as firms' expectations deteriorated.
- French companies reported their lowest optimism regarding year-ahead outlook since May, as higher interest rates, political uncertainty, and international competition continue to weigh on business confidence.
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19 Articles
19 Articles
France private sector returns to growth at fastest rate in 25 months ...
·London, United Kingdom
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PMI at 53.1 points, a three-year high, driven by services and defense - Unexpected resilience to the energy crisis, but with the possibility of new interest rate hikes open
·Marousi, Greece
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The purchasing manager indices for Germany and Europe clearly exceed expectations. Germany's industry in particular is driving growth.
·Düsseldorf, Germany
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The French business sector's composite purchasing managers' index rose to 51.2 in September, compared with 48.5 the previous month, according to preliminary statistics from S&P Global.
Coverage Details
Total News Sources19
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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