French growth slumps to weakest since peak Omicron disruption at start of 2022

French growth slumps to weakest since peak Omicron disruption at start of 2022

From pmi.spglobal.com

The French economy endured a marked slowdown in growth at the end of the second quarter, with private sector business output rising at the slowest rate since the wave of disruption caused by the Omicron wave in January. Excluding the start of the year, the latest expansion was the slowest since April 2021. The slowdown was driven by weakening trends in both services and manufacturing during June. Goods production fell for the first time since October 2021 and to the greatest extent in just over two years as manufacturing demand declined and supply-side issues persisted. Services growth meanwhile slumped amid reports ... (full story)

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