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French S&P Global Composite PMI Flash (Oct) 48.4 vs. Exp. 50.5 (Prev. 51.1)

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France’s October flash composite PMI was below expectations and its previous reading; the report also noted weaker sales volumes alongside easing services-side inflation.

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"A slight positive from the latest flash survey was on prices, which showed inflation rates easing thanks to a softening on the services side. This suggests, at least in France, that energy price spillover effects are contained for now." "Today's PMI data showed that this immediately manifested itself through reduced purchasing and investment activity as private sector sales volumes fell at the quickest pace since May." "A slight positive from the latest flash survey was on prices, which showed inflation rates easing thanks to a softening on the services side. This suggests, at least in France, that energy price spillover effects are contained for now."

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SPGIS&P Global Inc.$453.10Current price

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