France's private sector activity contracted in March as demand weakened due to the war in the Middle East and uncertainty ahead of local elections, survey results from S&P Global showed Tuesday.
The flash composite output index fell to a five-month low of 48.3 in March from 49.9 in February. The score was expected to drop moderately to 49.2.
The services Purchasing Managers' Index declined more-than-expected to 48.3 from 49.6 a month ago. The reading was below consensus forecast of 49.2.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.