The French service sector declined at a slower than initially estimated pace in June, final data from Markit Economics showed Wednesday.
The services Purchasing Managers' Index came in at 47.9, up from the flash estimate of 47.3. Moreover, the index rose from 45.1 in May. The reading below 50 indicates contraction in the sector.
The composite output index which measures activity in both the manufacturing sector and the service sector, rose to 47.3 from 44.6 in May. The flash reading for June was 46.7.
The decline in new business in services moderated in June. Similarly, backlogs of work and employment both registered slower falls.
Business expectations among French service providers declined sharply in June, marking its largest one-month fall since the late-2008 global financial crisis.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.