The euro area saw a slower pace of business activity growth this month, primarily due to a contraction in France. The country has been grappling with widespread protests that have escalated into rioting and looting, significantly impacting economic performance.
Meanwhile, the UK is facing rising inflation, driven by war-related energy costs, which reached an almost one-year high. This surge in inflation is adding to the economic challenges in the region.
In Japan, a key measure of consumer prices surpassed the central bank’s target, indicating ongoing inflationary pressures in the economy.