Prior 45.7Composite PMI 44.6 vs 44.2 prelimPrior 44.8That's a slight improvement to the initial estimates but the French economy did fare marginally worse than it did in December to start the new year. Of note, the services sector contracted once again and that streak is now at eight consecutive months. Subdued demand conditions continue to weigh mostly while price pressures remain sharp with inflation still running above the series' long-run average. That isn't exactly what the ECB is hoping for. HCOB notes that:“The French service sector is continuing to perform poorly. Business activity declined for the eighth straight month, new business overall and from abroad are still on the decline a
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