PARIS, October 24 (Reuters) – The contraction in private sector activity in France was less severe than expected in October, shows the S&P Global economic survey published on Tuesday.
The “flash” PMI HCOB purchasing managers index came out at 46.1, after 44.4 in September and a consensus of 44.6.
The threshold of 50 separates a contraction from growth in private sector activity.
For its part, the manufacturing sector continued to sink with a “flash” PMI index at 42.6 in October, at a 41-month low, after 44.2 in September and a consensus at 44.4.
The composite “flash” PMI index, which includes services and the manufacturing sector, stood at 45.3 after 44.1 in September and a consensus of 44.4.
(Written by Tassilo Humel, Blandine Hénault for the French version, edited by Kate Entringer)
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