The rate of decline in French private sector output accelerated during December . The Markit Flash France Composite Output Index , based on around 85% of normal monthly survey replies, posted 4 7 . 0 , down from 48.0 in November and signalling a second consecutive fall in output . Both the manufacturing and service sectors signalled sharper reductions in output than in November. Services activity decreased for the second month runn ing, and at the fastest pace since June. Meanwhile, manufacturers posted a marked decline in production, extending the current sequence of contraction to five months. Respondents indicated ... (full story)