French growth slumps to weakest since peak Omicron disruption at start of 2022

French growth slumps to weakest since peak Omicron disruption at start of 2022

From pmi.spglobal.com

The French economy endured a marked slowdown in growth at the end of the second quarter, with private sector business output rising at the slowest rate since the wave of disruption caused by the Omicron wave in January. Excluding the start of the year, the latest expansion was the slowest since April 2021. The slowdown was driven by weakening trends in both services and manufacturing during June. Goods production fell for the first time since October 2021 and to the greatest extent in just over two years as manufacturing demand declined and supply-side issues persisted. Services growth meanwhile slumped amid reports ... (full story)

best cure for inflation is inflation.

- Older Stories
G-7, NATO leaders to highlight China challenge, pressure Russia: U.S.
From english.kyodonews.net|Jun 23, 2022
The Group of Seven industrialized nations are expected to step up efforts to address China's "coercive economic practices" when their leaders meet in Germany later in June, while ...
IEA: Conventional oil set to dominate 2023 non-OPEC+ supply growth
From ogj.com|Jun 23, 2022
In a shift from recent years, the majority of non-OPEC+ gains are coming from new conventional projects, according to the International Energy Agency (IEA). US light tight oil ...
Xi offers answers to questions of the times at BRICS forum
From globaltimes.cn|Jun 23, 2022|1 comment
Chinese President Xi Jinping on Wednesday offered his answers to the questions of the times at a keynote speech in virtual format at the opening ceremony of the BRICS Business ...

- Newer Stories
Falling exports and strong inflation taking a toll on German economy, with outlook looking...
From pmi.spglobal.com|Jun 23, 2022
Latest ‘flash’ PMI® data from S&P Global showed a sharp loss of momentum in the German economy at the end of the second quarter. Falling exports acted as a drag, while there were ...
Eurozone growth slows sharply to 16-month low in June as demand stalls and price surge continues
From pmi.spglobal.com|Jun 23, 2022|1 comment
Eurozone economic growth deteriorated sharply to a 16- month low in June, according to preliminary PMI data, reflecting a stalling of demand growth. Manufacturing output ...
Can Europe Actually Afford To Kick Fossil Fuels?
From oilprice.com|Jun 23, 2022
When European gas prices began to climb last year, it was because of a fast-deepening mismatch between demand and supply of energy, with renewables underperforming at a crucial ...