S&P Global PMI survey: France's private sector expanded in September at its
fastest pace in just over two years as services rebounded. The S&P Global France
composite output PMI preliminary reading rose to 51.2 from 48.5. S&P Global
Market Intelligence senior chief economist Joe Hayes said the economy showed
surprising resilience, but the expansion's sustainability is in doubt because
new orders were almost unchanged and firms' activity expectations worsened.
Services provided most of the momentum: the services activity PMI preliminary
climbed to 51.4 from 48.0, a 10-month high, while manufacturing output growth
slowed and remained only marginal.