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French services sector contracts for eighth straight month

Published 06/05/2025, 08:54
French services sector contracts for eighth straight month
SPGI
-0.99%

Investing.com -- France’s leading services sector has seen a contraction for the eighth month in a row, according to a survey released on Tuesday.

The study showed a sharp decline in new orders, adding to the sector’s struggles.

The HCOB France Services PMI Index, which is put together by S&P Global, fell to 47.3 in April, down from 47.9 in March.

This drop signifies an acceleration in the contraction of the sector. A reading below 50 on this index indicates a decrease in activity.

However, the final figure for April was slightly higher than an initial flash services PMI reading, which was 46.8.

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