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French Private Sector Contracts For Fourth Month

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

France's private sector contracted for the fourth straight month in December as both manufacturers and services providers registered declines in output, flash survey results from S&P Global showed on Monday.

The HCOB composite output index posted 46.7 in December, up from 45.9 in November. A reading below 50 indicates contraction.

The index signaled an extension of the downturn seen in the private sector since September. Although the pace of decline slowed from November, the score suggested the second-sharpest fall over the last eleven months.

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