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Sharper decline in French private sector activity amid rise in COVID-19 cases
French business activity fell at a quicker rate in October as a number of major cities imposed curfews due to a rise in COVID-19 cases. The reduction in output was the second in as many months, following September’s modest decline. In the latest survey period, the rate of contraction accelerated to the quickest since May and was solid overall. Underlying data continued to signal contrasting results at manufacturers and service providers, with the former recording an output expansion for the fifth month in a row, while the latter saw a second successive monthly reduction. The further contraction in aggregate ... (full story)