French composite PMI jumps to 51.2, signaling service sector resilience

France's composite PMI rose to 51.2 in September from 48.5, beating expectations and indicating expansion in the service sector. The preliminary data from S&P Global suggests the French economy is more resilient than feared, potentially reducing pressure on the ECB to cut rates aggressively. However, the manufacturing sector may still be weak, and the sustainability of this rebound is uncertain.