French Output Steadies as Services Offset Industry Weakness
- Services keep expanding in July, August, Bank of France says
- Survey shows supply snarls easing, uncertainty declining
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French economic output is stabilizing as a continued expansion in the dominant services sector compensates for weaker activity in construction and industry, the central bank said.
Output is holding steady in July and August at a level 0.5% above that seen around the end of 2021, the Bank of France’s monthly survey of about 8,500 companies and high-frequency data showed.