French Business Activity Hits 14-Month Low in April
French business activity contracted this month as a downturn in services outweighed gains in manufacturing. High costs and supply issues impacted the economy.
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Xurve View
Economic activity in France experienced its sharpest decline in 14 months this April, as a deepening slump in the services sector overshadowed gains in manufacturing. According to the latest preliminary survey data from S&P Global Inc, the Flash France Composite Purchasing Managers Index (PMI) dropped to 47.6 points from 48.8 in March, missing the 48.6 mark anticipated by analysts.
