Economics
French Economic Growth Slips to 21-Month Low in Broad Slowdown
- IHS Markit composite index falls to 53.6; economist est. 54.6
- Slowdown driven by manufacturing, exports, automotive industry
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France’s economic rebound lost strength this month as a slump in the automotive industry pushed private sector activity to the weakest since December 2016.
IHS Markit’s composite index of manufacturing and services fell to 53.6 this month from 54.9 in August, the firm said Friday. Economists surveyed by Bloomberg had forecast a reading of 54.6.