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France Faces Budget Pressure as Business Activity Contracts
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Reuters reported on 23 October that France’s flash composite Purchasing Managers’ Index fell to 48.4 in October from 51.1 in September, indicating contraction. The services PMI also fell to 48.4, while manufacturing declined to 49.3. Separately, the...
Reuters reported on 23 October that France’s flash composite Purchasing Managers’ Index fell to 48.4 in October from 51.1 in September, indicating contraction. The services PMI also fell to 48.4, while manufacturing declined to 49.3. Separately, the government’s 2027 budget debate has focused on fiscal restraint; the proposed €43 billion in spending cuts and tax increases was reported in current coverage, but it is not a newly awarded public-sector contract.
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