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2026-04-07 16:11:34
[France's March Services Sector Contraction Deepens, Services PMI Falls to 48.8] ⑴ The final reading of S&P Global France's March Services Purchasing Managers' Index (PMI) was revised upward to 48.8 from the preliminary reading of 48.3, but remained below February's 49.6, indicating a deeper contraction in the services sector. New business volume saw its fastest decline since July 2025, dragged down by weak customer spending ahead of local elections and uncertainty related to the Middle East conflict. ⑵ Export orders continued to contract, extending an eight-month decline. Employment saw its first slight drop since the end of 2025 as companies stopped filling vacancies, while backlogs remained largely unchanged. ⑶ Input prices surged to a 20-month high, driven by fuel costs, supplier price increases, and wage pressures, but output prices remained stable under competitive pressure. Overall business confidence fell to a three-month low, reflecting geopolitical and domestic uncertainty, but cautious optimism remained for the coming year.
