由于对该国财政状况的新担忧引发了政府债券遭到抛售，且该国饱受抗议和骚乱困扰，法国商业活动出现萎缩。
French business activity contracted as renewed concerns about the country’s finances prompted a rout in government bonds and the country was gripped by protests and riots.
标普全球的综合采购经理指数从9月的51.1跌至10月的48.4，跌破了区分扩张与收缩的50分水岭。彭博社调查的分析师此前预计跌幅会较小，至50.3。
S&P Global’s Composite Purchasing Managers’ Index sank to 48.4 in October from 51.1 in September, falling below the 50 mark separating expansion from contraction. Analysts surveyed by Bloomberg had expected a smaller drop, to 50.3.
标普全球市场情报首席经济学家乔·海耶斯周五在一份声明中表示：“9月经济活动的复苏证明是短暂的，鉴于金融环境迅速收紧以及政治压力进一步增加，这几乎不足为奇。”
“September’s rebound in economic activity proved to be short-lived, which is hardly surprising given the rapid tightening of financial conditions and a further increase in political pressures,” Joe Hayes, principal economist at S&P Global Market Intelligence, said Friday in a statement.
他还补充道：“今天的PMI数据表明，这直接通过采购和投资活动的减少表现出来，私营部门的销售额创下了自5月以来的最快下降速度。”
“Today’s PMI data showed that this immediately manifested itself through reduced purchasing and investment activity as private-sector sales volumes fell at the quickest pace since May,” he added.
法国本就面临着巨额预算赤字、债券市场恐慌和经济增长乏力的问题，近期还遭遇了演变成骚乱和抢劫的抗议活动。损失可能高达约10亿欧元，而其对明年总统选举的影响仍不确定，极右翼候选人玛丽娜·勒庞被看好在首轮投票中获胜。
Already grappling with a hefty budget deficit, bond-market jitters and flagging economic growth, France has recently faced protests that spiraled into riots and looting. The damage could amount to a hit of about €1 billion, while its impact on next year’s presidential election, where far right candidate Marine Le Pen is tipped to win the first round, remains uncertain.
由于能源价格上涨加剧了对财政前景的担忧，本周法国基准债务收益率自2002年以来首次触及5%。法国和德国国债收益率之差扩大至近175个基点，创下2011年以来的最高水平。欧洲央行进一步加息可能会进一步扼杀经济增长。
The yield on benchmark French debt hit 5% this week for the first time since 2002 as rising energy prices exacerbated concern over the fiscal outlook. The spread between French and German yields widened to almost 175 basis points, the most since 2011. Further increases in interest rates by the European Central Bank could yet choke growth further.
PMI数据显示，服务业和工厂部门的指数均跌至50以下。尽管周四公布的独立数据显示，商业和制造业信心意外改善，但海耶斯警告称，法国可能会迎来更糟的局面。
The PMI data revealed dips below 50 for both the services and factory sectors. Despite separate numbers Thursday showing surprise improvements in business and manufacturing confidence, Hayes warned that worse may be on the way for France.
他说：“10月的数据可能是未来的前兆，因为该调查的情绪指标（明确询问企业对未来12个月预期的指标）降至六年半以来的最低点。”“这反映了企业对2027年总统大选极具不确定性的担忧，这加剧了此前对法国财政状况的担忧。”采购经理指数在月初发布，能够很好地揭示经济中的趋势和转折点，因此一直受到市场的密切关注。作为衡量产出变化广度而非深度的指标，商业调查有时很难直接映射到季度国内生产总值上。
“October figures could be a prelude of what’s to come as the survey’s sentiment indicator, which explicitly asks firms about their expectations for the next 12 months, sank to a six-and-a-half-year low,” he said. “This reflects firms’ concerns about what is shaping up to be a highly uncertain 2027 presidential elections, compounding pre-existing worries about France’s fiscal situation.”PMIs are closely watched by markets as they arrive early in the month and are good at revealing trends and turning points in an economy. A measure of breadth of changes in output rather than depth, business surveys can sometimes be difficult to map directly to quarterly GDP.