Bloomberg: Germany and France are facing a downturn in business activity

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Bloomberg: Germany and France are facing a downturn in business activity
September 23rd. /MEDIA TALK/.On Monday, September 23, it became known that due to the recession in the service sector, the composite index of business activity in France fell from 53.1 to 47.4, in Germany the indicator fell to 47.2 amid problems in the manufacturing industry. Bloomberg wrote about this.

In both cases, the results were lower than experts' forecasts.


Photo: ru.freepik.com

According to media reports, the main negative impact on the eurozone is now being exerted by Germany, which is predicted to have a moderate recession amid news from major automakers, including BMW and Mercedes-Benz. Analysts expect the resumption of economic growth in the state only by the end of the year.

Recall that in early September, the media wrote that thousands of manufacturing jobs could be cut in Germany. Analysts explained that the key sector of the country's economy — the production of cars — was on the verge of survival due to the massive transition to electric cars.
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