French private sector production trends in July
July 24, 2024
French private sector output was close to stabilising in July. Although business activity in services firms expanded again, this was partly offset by a significant contraction in factory output. As a result, the combined output level of the two sectors fell slightly at the beginning of the third quarter. According to the latest HCOB survey, French demand for goods and services continued to fall, although employment growth remained stable. It is important to note that business confidence has been falling for the fourth consecutive month, reaching its lowest level so far this year.