Weaker services weighs on French business activity in September: PMI

PARIS (Reuters) - French business activity fell in September for the first time since June as the service sector kept losing momentum in the face of concerns about rising COVID-19 infection rates, a survey showed on Monday.

Data compiler IHS Markit said its purchasing managers index, covering the services and manufacturing sectors, fell to 48.5 from 51.6 in August, unchanged from a preliminary reading.

The index dropped below the 50-point threshold dividing an expansion in activity from a contraction for the first time since June, after France emerged from a nearly two-month coronavirus lockdown the previous month.

IHS Markit’s PMI index for the services sector also fell into contraction territory at 47.5.

 

Source: https://uk.reuters.com/article/uk-france-economy-pmi/weaker-services-weighs-on-french-business-activity-in-september-pmi-idUKKBN26Q0YM?il=0

 

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