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International Business Times
International Business Times
Business
AFP News

Eurozone Business Activity Slumps After Olympics Boost

French private sector output returned to contraction after the shot in the arm from the Olympics (Credit: AFP)

Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday.

S&P Global's purchasing managers' index (PMI) -- a key gauge of the overall health of the economy -- dropped to 48.9 in September, down from 51 in August.

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