Author: Don Nico Forbes

Retail sales fell in as high energy prices continued to weigh on consumer confidence.

The rise added to signs of resilience, as higher energy costs continue to threaten the country’s tentative economic recovery.

The country’s consumer-climate index fell to minus 30.8 in its forecast for November, from minus 30.6 in October.

Moody’s Ratings kept France’s credit rating unchanged, despite a steady rise in its debts and the political fragmentation that has made it difficult to rein in borrowing.

Inflation rose further above the Bank of England’s target as policymakers prepare for a meeting that is expected to yield a first rate increase since the start of the Iran war.

The fall in activity compounds a tough few months for the industrial sector in the region.

The French government desperately needs a return to strong growth if it is to contain its rapidly rising debts.

Manufacturing orders in the eurozone’s largest economy fell 10.6% on month, as the conflict in the Middle East kept energy costs elevated.

The data highlights the uneven nature of the region’s recovery as manufacturers contend with higher energy costs despite signs of improving demand.

Factory orders and industrial production rose in the second quarter, shaking off fears of a slowdown as disruptions in the Hormuz Strait sent energy prices soaring.

Inflation picked up in Germany this month, though less than expected, with few signs of broader price pressures in the economy despite conflict in the Middle East keeping upward pressure on energy costs.

Businesses and consumers felt more positive about their prospects in August, a boost for demand in the face of persistent uncertainty about the duration and intensity of the Iran war.