-
Demand for French services falls at strongest rate in five months
France's service sector concluded the second quarter with a further monthly contraction in business activity, latest HCOB PMI® data showed, as the sharpest fall in new orders since January weighed on output. In some cases, survey respondents linked the softening to the uncertainty surrounding July's general election. Business confidence also weakened, as did jobs growth. Notably, output prices rose at a marginal pace that was the weakest in over three years. The rate of inflation in services charges was broadly level with its pre-pandemic average. The seasonally adjusted HCOB France Services PMI® Business Activity ... (full story)