French economy shrinks at fastest pace since January, denting business confidence

From pmi.spglobal.com

France’s private sector recorded a third consecutive monthly fall in business activity levels midway through the final quarter of the year, with the pace of contraction accelerating to its quickest since January. Weaker demand was a common theme seen throughout company anecdotal responses during November – both commercial clients and households reportedly lowered their interest in French goods and services – and the latest data showed that new order volumes contracted at the steepest pace in four years. Notably, for the first time since May 2020, surveyed French businesses recorded negative expectations for ... (full story)