French private sector output falls at sharpest rate in eight months

From markiteconomics.com

The latest flash PMI data signalled a deepening downturn in France ’ s private sector economy during October. The seasonally adjust ed Markit Flash France Composite Output Index , based on around 85% of normal monthly survey replies, slipped to 48.0, from 48.4 in September. That was its lowest r eading since February, albeit indicative of a moderate rate of contraction overall. Faster declines in output were recorded in both the services and manufacturing sectors during October. New business received by French private sector companies decreased for the second month running during October. Moreover, the rate of ... (full story)