FOREX TradingCharts.com

Financial News: France Private Sector Growth Unexpectedly Improves

France Private Sector Growth Unexpectedly Improves

09/23/2022 - 03:53:00 (RTTNews)

(RTTNews) - France's private sector growth unexpectedly improved in September driven by the services activity, flash survey results from S&P Global showed on Friday.

The composite output index rose to 51.2 in September from a 17-month low of 50.4 in August. The reading was forecast to fall to 49.8. A score above 50.0 indicates expansion.

The service sector was the sole driver of the expansion in September. This was a stark contrast to the trend in the manufacturing sector.

The flash services Purchasing Managers' Index advanced to 53.0 from 51.2 in the previous month. The expected score was 50.5.

On the other hand, the manufacturing PMI fell to a 28-month low of 47.8 in September from 50.6 a month ago. Economists had forecast the index to fall to 49.8.

"Given the large degree of weakness we're seeing in the manufacturing sector, it's likely that we'll see some of this spill over into services, thereby raising the risk of a recession in France," Joe Hayes, a senior economist at S&P Global Market Intelligence said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Czech Economic Sentiment At 18-Month Low (08 min(s), 02 sec(s) ago)
(RTTNews) - The Czech economic confidence worsened further to reach its lowest level in one-and-a- ...Full Story»

Singapore Industrial Production Grows Unexpectedly (01 hr(s), 52 min(s), 02 sec(s) ago)
(RTTNews) - Singapore's industrial production increased unexpectedly in August, preliminary da ...Full Story»

European Economics Preview: Germany Ifo Business Confidence Data Due (03 hr(s), 41 min(s), 02 sec(s) ago)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story»

Japan Manufacturing Sector Ebbs In September - Jibun (11 min(s), 58 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in September, albeit at a slower ...Full Story»

Japan Manufacturing PMI On Tap For Monday (31 min(s), 58 sec(s) ago)
(RTTNews) - Japan will on Monday see September results for its manufacturing, services and composi ...Full Story»

UK Private Sector Shrinks Most Since Early 2021 (49 min(s), 58 sec(s) ago)
(RTTNews) - The UK private sector shrank at the fastest pace since early 2021 on the negative impa ...Full Story»

Ireland Wholesale Price Inflation Eases In August (14 min(s), 58 sec(s) ago)
(RTTNews) - Ireland's wholesale price inflation eased in August after remaining stable in the ...Full Story»

UK Retail Sales Decline Sharply In September: CBI (32 min(s), 58 sec(s) ago)
(RTTNews) - UK retail sales declined sharply in September on the cost of living crisis, the Distri ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Czech Economic Sentiment At 18-Month Low

09/26/2022 - 04:20 AM (RTTNews)
(RTTNews) - The Czech economic confidence worsened further to reach its lowest level in one-and-a- ...Full Story>>

Singapore Industrial Production Grows Unexpectedly

09/26/2022 - 02:36 AM (RTTNews)
(RTTNews) - Singapore's industrial production increased unexpectedly in August, preliminary da ...Full Story>>

European Economics Preview: Germany Ifo Business Confidence Data Due

09/26/2022 - 00:47 AM (RTTNews)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story>>

Japan Manufacturing Sector Ebbs In September - Jibun

09/25/2022 - 20:40 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in September, albeit at a slower ...Full Story>>

Japan Manufacturing PMI On Tap For Monday

09/25/2022 - 18:00 PM (RTTNews)
(RTTNews) - Japan will on Monday see September results for its manufacturing, services and composi ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.