French Business Activity Stabilizes on Service-Sector Growth

France’s private sector stagnated in November as the services sector defied persistent political uncertainty over the budget.

S&P Global’s Composite Purchasing Managers’ Index rose to 49.9 from 47.7 the previous month — just below the 50 mark separating expansion from contraction, though that’s still its best result in more than a year. Analysts polled by Bloomberg had anticipated a smaller improvement.