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French economy starts fourth quarter with another steep contraction, while fuel and wage pressures drive costs up sharply
After contracting at the steepest pace since November 2020 in September, business activity across the eurozone’s secondlargest economy saw another solid reduction in October, latest HCOB flash France PMI data showed. While the contraction softened from September, it was still the second-strongest in close to three years. Considerable weakness was also displayed on the demand side as new orders fell markedly and for a sixth successive month. Sales to non-domestic customers plummeted, declining to the quickest degree since May 2020. Another key finding of the October survey was a month-on-month reduction in private ... (full story)
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