The French private sector experienced a contraction in January, the first time in three months, as clients were hesitant to place orders amidst the ongoing political deadlock regarding the country's fiscal plans, survey results from S&P Global showed Friday.
The HCOB flash composite output index fell to 48.6 in January from 50.0 in December. A score below 50.0 indicates contraction. Economists had forecast the index to rise to 50.1.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.