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 f

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.