French economy hits 25-month growth high

The French economy experienced a rebound in growth in September, marking the fastest pace in over two years, supported by a recovery in demand for private sector services despite declining business confidence. The S&P Global France Manufacturing PMI rose to 51.2 points, surpassing the 50-point threshold that indicates expansion, with a notable increase in the services sector activity—the highest in 10 months—while manufacturing growth slowed. Despite the improvement in demand, companies continued to cut jobs for the fifth consecutive month and faced rising production costs. Their optimism about the future of activity declined due to higher interest rates, political uncertainty, and international competition.

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