France's services sector contracts in March as Middle East war hits demand, PMI shows
Published on April 7, 2026.
The final March composite PMI, which includes both the services and manufacturing sectors, was at 48.8, down from 49.9 in February. This is the fastest decrease in private sector business activity since October. The U.S.-Israeli war on Iran is impacting French businesses both in terms of inflation and decreased demand.
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