Demand for French services falls at fastest pace in close to two-and-a-half years
France's service economy fell deeper into contraction at the start of the second quarter. Demand conditions continued to seize up, with new orders falling at the fastest rate since November 2023, leading companies in the sector to show restraint when it came to setting prices charged. This was despite the rate of input cost inflation accelerating sharply to a 29-month high. The headline S&P Global France Services PMI® Business Activity Index is a gauge of output versus the month prior. A reading below 50.0 signals a decrease in business activity compared to the previous month, and the further below 50.0, the ...
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