AGP Executive Report
Last update: 2 hours agoBusiness Activity: French private-sector activity unexpectedly contracted in October, with the composite PMI falling to 48.4 as demand weakened amid political uncertainty and unrest. The eurozone’s growth also slowed to a four-month low, with its PMI at 51.9. Debt Pressure: Moody’s is expected to decide on France’s credit rating Friday. Bond market strain is already acute: the 10-year yield reached 5.14%, while France’s borrowing premium over Germany hit a 15-year high. Protests and Commerce: Hundreds of demonstrations are planned for Saturday, prompting a larger police deployment and protest restrictions. Businesses and cultural venues are preparing to close after last weekend’s looting and damage. Fiscal Strain: Zero-interest mortgage subsidies are projected to cost €903 million this year and €1.21 billion in 2027, adding to budget pressures. Retail: Groupe ADP’s Paris retail revenue fell 3.6% in the first nine months of 2026, amid weaker luxury demand, terminal works and reduced international traffic.
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