Private sector activity has slowed sharply in France this summer, according to data published on Friday by the S&P Global agency.
In July, the country's overall momentum hit its lowest level since February 2021.
At 50.6 points, the index reveals an economy in virtual stagnation.
In question, the withering of demand, combined with the rise in inflation.
This reached 5.8% over one year in June and weighs on business growth.
For S&P Global, the risk of a recession in the French economy is thus
“increasing”
.
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This fall can be explained in particular by the decrease in activity in the industry sector.
According to the INSEE business survey on Thursday, the business climate is deteriorating.
At 106 points, the overall index measuring their economic morale has lost two points in the space of a month, thus continuing its decline.
It nevertheless remains
"above its historical average"
, specifies INSEE.
Business leaders are losing confidence in their ability…
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