11 Hrs
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وكالة الأنباء القطرية
French private sector sees sharpest decline since January 2025
France recorded its largest decline in private sector activity since January 2025 in May, with the Purchasing Managers' Index (PMI) falling to 44.9 points, thus crossing the threshold into contraction territory for the second consecutive month. The downturn was primarily concentrated in the services sector, which dropped to its lowest level since November 2020, amid declining demand and rising production costs. External demand also saw a significant decline, while industrial sector activity fell to 49.7 points, the lowest level since last November.
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