India, Oct. 23 -- France's private sector activity contracted in October, marking a reversal from September's growth rebound, survey results from S&P Global showed Friday.
The flash composite output index fell to a four-month low of 48.4 in October from 51.1 in the previous month.
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Economists had forecast the index to drop moderately to 50.5. Moreover, a score below neutral 50.0 indicates contraction.
"September's rebound in economic activity proved to be short lived, which is hardly surprising given the rapid tightening of financial conditions and a further increase in political pressures across France during October," S&P Global Market Intelligence Sen...