Global Analysis from the European Perspective. Preparing for the world of tomorrow

France is the only major Eurozone economy with a contracting service sector

Services are keeping the European economy afloat with strong growth as the rapid decline in manufacturing orders pulls down several of Europe’s key economies.

In France, however, where manufacturing remains resilient, the service sector is contracting. The French service sector fell into contraction in March, according to the HIS Markit purchasing managers index, which dropped from 50.2 in February to 49.1 in March – well below the 50.0 threshold that indicates contraction. Source: New EUrope

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