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French private sector growth continues despite broad stagnation in manufacturing
At 52.0 in December, the IHS Markit Flash France Composite Output Index was little-changed from 52.1 in November, pointing to a further modest expansion of business activity across the French private sector. At the sector level, performances diverged from those seen in the previous two survey periods. Manufacturing production broadly stagnated so overall activity growth was supported by the service sector, where firms recorded a ninth successive monthly expansion, albeit one that was moderate overall. Similar to the trend in business activity, private sector companies saw another increase in new orders during ... (full story)