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French Economic Recovery Is Stuck

  • Activity remained 5% below normal in September, survey shows
  • No improvement expected in October, Bank of France says
A pedestrian passes closed stores at a market in Paris.
Photographer: Nathan Laine/Bloomberg
Updated on

French economic output is plateauing at 5% below pre-crisis levels, according to the Bank of France, adding to signs the country’s recovery from lockdown is faltering.

The central bank’s monthly survey of some 8,500 companies showed little change between August and September in the level of activity in industry, services and construction. Business leaders’ comments on the outlook indicate no pickup in October either, it said.