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French business activity shrinks
23 Sep 2014 09:09
French business activity contracted again in September due to a weaker than expected service sector, as the euro zone's second-biggest economy struggles to emerge from stagnation.
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Markit said its preliminary composite purchasing managers index eased to 49.1 this month from 49.5 in August.
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The index covers activity in both the services and manufacturing sectors and makes around two-thirds of the economy
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That marked the weakest level of activity in three months and brought the index further below the 50 point line that separates expansions in activity from contractions.
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