Prior 49.3Composite PMI 48.8 vs 48.2 prelimPrior 48.9The higher revision means that the French services sector only marginally contracted in June, as the sharpest fall in new orders since January weighed on output. Besides that, there's also softening in sentiment amid the elections with business confidence easing alongside jobs growth. HCOB notes that:“Election uncertainty stalled the French services sector in June. The HCOB Business Activity Index showed a little improvement compared to the previous month but still stayed below 50, signalling contraction. Some panel members linked the drop in business activity to election-related uncertainty. It’s thinkable that the upcoming elections were
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