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PMI: Price pressures still a concern

FRANCE DATA
  • Better domestic demand supported a higher than expected services (and composite) print but the manufacturing outlook deteriorated more than expected, as did demand from overseas. Business confidence was marginally higher, but price pressures intensified. Overall, this is still going to be the main concern for the ECB and although there are signs of raw material prices falling, prices are still not falling from the peak yet.
  • "Price pressures across the French economy intensified during September. Input cost inflation quickened to a three-month high, moving closer to March’s series peak. Although there were reports of certain raw material prices falling amid improving availability and reduced stress on suppliers, many companies commented on soaring energy costs. There were also reports of rising wage bills, particularly across the service sector. In response, output charge inflation edged up to a four-month high."

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