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French economic recovery stumbles as supply shortages hit goods producers
Supply chain issues were a key feature once again during the October Flash France PMI® survey, as intense shortages of critical inputs caused manufacturing production to slip into contraction for the first time since January. Notwithstanding this, overall output levels across France continued to increase, owing to a strong and accelerated expansion in services activity. The Flash France Composite PMI Output Index fell to 54.7 in October, its lowest level in six months and down from 55.3 in September. Despite weakening, the headline figure was still indicative of a solid rate of economic growth, but was solely driven ... (full story)