France’s private-sector economy slowed in July as the best manufacturing numbers in more than six years couldn’t compensate for a weakening in services.
A composite Purchasing Managers’ Index fell to 55.7 from 56.6 in June, IHS Markit Economics said Monday. That’s worse than the 56.4 predicted by economists in a Bloomberg survey. While service growth retreated more than forecast, manufacturing unexpectedly increased, and all readings were well above the 50 mark the separates expansion from contraction.
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