French services activity hits 14-month low in April
The France Services PMI fell to 46.5 in April, its lowest since early 2025. Weak demand and rising energy costs driven by geopolitical tensions slowed activity.
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France saw its services sector contract to 46.5 in April as geopolitical tension and inflation stifled private sector demand. The final PMI reading dropped from 48.8 in March, hitting its lowest level since February 2025. The data confirms a deepening downturn in the euro zone’s second-largest economy as businesses struggle with rising energy costs.
