Eurozone business activity slumps after Olympics boost

Eurozone business activity slumps after Olympics boost …C0NTINUE READING HERE >>>

French private sector output returned to contraction after the shot in the arm from the Olympics.
Photo: Thomas SAMSON / AFP/File
Source: 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.

Any reading below 50…

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