The country has been roiled by political infighting since snap elections were called last year, leading to parliamentary deadlock that has hampered efforts at financial reform and increased borrowing costs.<\/p>\n
Elsewhere, things were a little rosier. Across the bloc, services rose to 52.6 from 51.3, hitting a 14-month high, while manufacturing improved moderately, according to the eurozone PMI. The composite measure, a combination of both, rose to 52.2 from 51.2, the fifth increase in as many months.<\/p>\n
The picture was positive even for recent stragglers like Germany, which also experienced a boost led by services, although manufacturing remained contractionary.\u00a0<\/p>\n
\u201cFrance is increasingly becoming an outlier in the PMI survey, with drawn-out political uncertainty relating to budget negotiations appearing to have a dampening effect on sentiment,\u201d said Hare.\u00a0<\/p>\n
However, he added that a recent business confidence survey by INSEE had suggested a more positive outlook for the country.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The country has been roiled by political infighting since snap elections were called last year, leading to parliamentary…\n","protected":false},"author":2,"featured_media":99770,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[11357,138,537,219,1221,1223,1428,111,139,69,1321],"class_list":["post-99769","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-budget","tag-business","tag-crisis","tag-economy","tag-france","tag-germany","tag-manufacturing","tag-new-zealand","tag-newzealand","tag-nz","tag-services"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/99769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=99769"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/99769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/99770"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=99769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=99769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=99769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}