Latest PMI data pointed to a sharper contraction in French business activity during November, as the country faced tighter coronavirus disease 2019 (COVID-19) restrictions. Private sector activity fell at the quickest pace since May when similar lockdown restrictions were last in place. At the sub-sector level, November’s decline was predominantly driven by services, where firms recorded a sharper contraction for the second month running. Manufacturers saw production fall for the first time since May, but the rate of reduction was moderate overall. In line with the trend for output, new orders received by French ... (full story)