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Story summary
- France's economy is faltering, with unemployment at 8.1% in the first quarter as the Middle East conflict dampens growth and raises inflation.
- A Bank of France survey of 8,500 firms found industry and construction slowed in April, services stagnated, 13% faced supply difficulties, price-raising firms reached highest share since June 2022.
- With the European Central Bank leaving rates unchanged, firms expect activity to level off or decline in May, especially services.
