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French services activity growth remains resilient in September
France's service sector grew at a strong rate during September, according to the latest PMI® survey, as demand continued to move closer to pre-pandemic levels, supporting businesses to expand employment and enabling strong growth in activity. Less positive, inflationary pressures climbed higher, as rising raw material prices were exacerbated by increased staffing costs, leading to increased output prices. The seasonally adjusted France Services Business Activity Index moved fractionally lower in September to 56.2, from 56.3 in August. Albeit a minimal decline, the latest data marked another step down in the rate of ... (full story)