France March flash services PMI 47.8 vs 48.7 expected ...Middle East

Prior 48.4Manufacturing PMI 45.8 vs 47.5 expectedPrior 47.1Composite PMI 47.7 vs 48.6 expectedPrior 48.1The euro dips to the lows for the day after the softer readings here. Once again, manufacturing conditions remain a big drag but services activity was also weak in France. That just reaffirms the economy remains in contraction territory to wrap up Q1. The good news at least is that price pressures were seen easing as demand conditions stayed weak. HCOB notes that:“The French economy is delaying its recovery into at least the second quarter. The HCOB Composite Flash PMI fell slightly compared to February, staying in contraction territory. This is especially due to lower demand as the PMI fo

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