S&P GLOBAL MARKET INTELLIGENCE senior chief economist Joe Hayes said France’s
economy is showing fragility, with business concern about the near-term outlook
at its highest since 2013 (excluding the initial months of COVID), partly
reflecting elevated uncertainty ahead of next year’s presidential election.
Services price pressure has eased — service charges rose only modestly and well
below September — while manufacturing inflation has accelerated, suggesting
energy-driven cost pass-through so far is concentrated in goods rather than
services.