Germany Shines While France Struggles
Regional disparities were evident in the latest data. Germany’s economic output expanded for the second consecutive month, achieving a nine-month high, driven by both manufacturing gains and modest services growth. On the other hand, France saw a pronounced decline in business activity, with services dragging down overall performance. The rest of the Eurozone fared better, showing solid growth and partially offsetting the underperformance in France.
Inflation and Employment Trends Pose Risks
Input cost inflation accelerated to its fastest pace in nearly two years, driven primarily by the services sector. Manufacturing input costs rose at the quickest rate in six months, although price increases remained modest. Employment trends were mixed: while the services sector added jobs, manufacturing saw the steepest workforce reductions…
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