The EU's second biggest economy is shrinking, data indicates France’s economic output is declining for the first time in a year and a half, mirroring the trend seen in Germany, Bloomberg reported on Tuesday, citing S&P Global data. According to the report, a gauge of French private-sector activity by S&P Global plunged in August to its lowest level since the Covid-related disruptions of early 2021. It dropped more than economists had expected and slid below the threshold that separates expansion from contraction. Data showed that new orders declined in both the services and manufacturing segments, as did business
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