The French economic activity was 1.0%-1.5% below pre-covid levels in July, the latest survey from the Bank of France showed on Monday.

Additional takeaways

“French industrial activity was stable in July, and expected to remain stable in August.”

“French services sector stable in July and expected to be stable in august, but new covid protocols could impact food services.”

“Inventory levels remained below normal in French industrial sector, which also highlighted rising raw material prices.”

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