Reported 1 day ago
Private-sector business activity in France has unexpectedly fallen to its lowest level since 2023, as ongoing political issues impact the country's economy. The S&P Global Composite Purchasing Managers’ Index dropped to 44.5, significantly below the growth threshold of 50, surprising analysts who had anticipated a rise. The decline has led to increased expectations for interest rate cuts by the European Central Bank and heightened concerns over government instability, impacting hiring and investment decisions.
Source: YAHOO