France may be sliding back into recession after activity in its key manufacturing and services industries shrank for the second month running in December.
Markit’s “flash” purchasing managers’ index estimate for France fell to a seven-month low, with activity in both sectors contracting.
The weak figures provided fresh evidence of the gulf that has opened up between the French and German economies, and underlined fears that Europe’s second-largest economy is holding back the eurozone recovery.
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