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French economic activity falls at fastest rate in 14 months as input cost inflation hits a three-year high
France's private sector economy slipped into deeper contraction at the start of the second quarter, according to S&P Global 'flash' PMI survey data. However, the steeper decline in economic output reflected a deterioration in the service sector as manufacturing production rose at the strongest pace in over four years. Advanced ordering from clients ahead of expected shortages and price increases drove fresh expansions in factory sales, purchasing activity and stocks. Cost pressures continued to build considerably, with input price inflation accelerating once again to hit a threeyear high. The passthrough to ... (full story)
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