France’s private sector contraction eased in July, with services output slowing only marginally, according to a business survey. The S&P Global flash France composite output index rose to 49.6 from 47.2 in June.
Economic Uncertainty Remains
Despite the slight improvement, ongoing economic uncertainty caused by the Iran conflict is expected to remain a headwind. Joe Hayes, senior principal economist at S&P Global Market Intelligence, noted that escalating tensions between the U.S. and Iran bring fresh uncertainty about inflation, borrowing costs, and geopolitics.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
