FRANCE DATA
Key notes from the release:
- "Overall input costs rose at a sharper pace, reflecting a steeper rise in services companies’ operating expenses. Salaries, energy and certain raw materials were cited as sources of inflation".
- This was reflected in a rise in output charge inflation, led by services providers.
- "Less pressure on operating capacities contributed to a third successive month of falling employment levels across France", though this was driven exclusively by manufacturers.
- "Uncertainty towards the outlook, as well as general weakness across the economy were reasons given for the drop in new order inflows in January".
- "Factory production decreased at the fastest pace in over three-and-a-half years. Meanwhile, services business activity fell to the greatest degree since last September".
- "Expectations of prolonged weakness in demand, leading market conditions to worsen in multiple parts of the economy, kept business sentiment at a subdued level, according to anecdotal evidence".
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