French economic growth slightly picked-up but weaker than expected in September

Sep. 23, 2022 4:58 AM ETBy: Meghavi Singh, SA News Editor
  • The S&P Global France Services PMI rose to 53 in September of 2022 from a 16-month low of 51.2 in August, surpassing market estimates of 50.5, a flash estimate showed.
  • Business activity accelerated slightly supported by a renewed rise in new business intakes, despite weaker external demand.
  • At the same time, employment increased at a strong pace and there were signs of further easing of supply-chain constraints.
  • However, the manufacturing sector slumped with the reading itself falling to its lowest in 28 months from 50.6 in August to 47.8 vs 49.8 expected.
  • On the price front, inflationary pressures intensified, mainly reflecting higher energy tariffs and wage bills.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.