French Private Sector Shrinks for Fourth Month on Political Woes
- December Purchasing Managers’ Index rises to 46.7; est. 46
- Services rebound but political turmoil strengthens headwinds
This article is for subscribers only.
Private-sector business activity in France shrank for a fourth month as the fall of the government over a budget dispute sapped confidence.
S&P Global’s Composite Purchasing Managers Index came in at 46.7 in December, staying below the 50 threshold separating expansion from contraction. Still, it’s an improvement from last month and also a bit better than the median estimate among analysts in a Bloomberg survey.