French HCOB Services PMI (Dec) 50.1 vs. Exp. 50.2 (Prev. 50.2)
SourceNewswires
Importance
Level 1
- "Alongside weaker activity, new orders disappointed, particularly export orders, with panellists citing subdued demand from the US market."
- “The sluggish economy is evident in pricing dynamics. Services firms have little pricing power and, in some cases, are resorting to discounts to support sales. This is squeezing margins, as input costs remain elevated, driven primarily by persistent wage pressures.”
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