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French service sector downturn extends into January, marking its longest period of contraction in over a decade
France's service sector saw its downturn extend into the new year, latest HCOB PMI® data, compiled by S&P Global showed, as client hesitancy and generally subdued demand conditions reportedly weighed on activity and new business inflows. There were some positive findings in the survey data, however, as business confidence ticked up to a five-month high and employment growth was sustained. However, inflationary pressures intensified. The seasonally adjusted HCOB France Services PMI® Business Activity Index – which measures changes in the volume of business activity compared with one month previously – ... (full story)