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Retail sales fall as consumers cut back on fuel and food spending amid UK cost of living crisis – business live

  • UK confidence slumps to lower levels than even in 2008 financial crisis
  • EU urges people to drive less and work from home to reduce reliance on Russian energy
  • Ukraine live updates

The French economy enjoyed a strong start to the second quarter, the latest PMI flash data show, as private sector business activity grew at its sharpest pace in just over four years.

The service sector was once again the main driving force as fewer Covid-19 restrictions continued to support demand. This compared with only a slight increase in manufacturing output during April as shortages of raw materials and components hindered production capabilities.

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