Survey: French private-sector output shrinks
Published on: Saturday, December 15, 2018
PARIS: A major survey of French private-sector business activity indicated that output shrank in December for the first time in two and a half years, underscoring the economic impact of the "yellow vest" protests that have swept the country.The influential Flash France Composite Output Index, compiled by research group IHS Markit, showed a sharp decline to 49.3 in December from 54.2 in November, adding to the problems of President Emmanuel Macron. Any figure below 50 indicates a contraction in activity."Prior to the December flash results, survey data suggested that the French economy was set to record a fairly reasonable quarterly expansion in Q4 (the fourth quarter," Eliot Kerr, an economist at IHS Markit, commented.
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