Economics

French Growth Recovers as Services Regain Some Momentum

Photographer: Christophe Morin/Bloomberg
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France’s economic growth picked up this month as its services sector strengthened.

IHS Markit’s Purchasing Managers’ Index rose to 52.6 in October from 50.8 a month earlier, beating economist estimates for 51.0. The reading above 50 -- the level that divides expansion from contraction -- suggests the euro area’s second-biggest economy is showing some resilience.