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AFP News

BIZARRE: Eurozone business activity slumps after olympics boost | Mind Blowing Facts

eurozone Olympics Euro France ECB the Paris Olympic Games

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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