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France's economy contracts in February as both manufacturing and services PMIs drop to 17-month lows.
France's economy showed signs of contraction in February, with both manufacturing and service sectors struggling.
The HCOB Services PMI fell to a 17-month low of 44.5, while the manufacturing PMI rose slightly to 45.5 but remained below the growth threshold.
Lower client demand and rising input costs contributed to the decline, leading to workforce reductions.
The composite PMI also hit a 17-month low of 44.5, indicating a sharp fall since September 2020.
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La economía francesa se contrajo en febrero, ya que los PMI de la industria manufacturera y de los servicios cayeron a mínimos de 17 meses.