French July Manufacturing Output -2% YoY vs -1.7% Prior

The deepening contraction in French manufacturing adds to evidence of softness in the eurozone's second-largest economy, which may weigh on broader regional growth expectations. For markets, this could reinforce caution around European industrial exposure, though the monthly data alone does not shift the outlook. The key question is whether this trend persists into Q3, as sustained weakness could influence policy or currency dynamics.