The France Composite final PMI for April, which includes both the services and manufacturing sectors, fell to 47.6 from 48.8 in March, marking its lowest level since February 2025. New orders in the services sector fell at the fastest rate since November 2023 due to slower client decision-making, inflationary pressures, and geopolitical headwinds. The cost of the manufacturing industry also increased, with input price inflation at a 29-month high due to higher energy and raw material costs from the Iran war.