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Mon 11 Nov 2009French PMIs point to further recovery

Activity in the French private sector grew at its fastest pace in 37 months in November, a key survey showed today, in a sign that economic recovery will continue in the fourth quarter.

The Markit/CDAF flash composite purchasing managers' index (PMI), which combines data from both the manufacturing and services sectors, rose to 59.8, its highest since October 2006, from 58.6 the previous month.

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