Business activity in the eurozone experienced a slowdown in October, according to purchasing manager surveys released on Friday. The decline is attributed to increased pressure on profit margins, primarily driven by rising energy costs linked to the ongoing conflict between the U.S. and Iran.
In France, the surveys indicated a specific drop in business activity, coinciding with a significant fall in government bond prices. This decrease has heightened borrowing costs for both households and businesses in the country. Additionally, frequent protests have disrupted services in various cities and towns, contributing to the economic strain.
