FX.co ★ France’s Private Sector Remains Under Strain

The April 2025 revision of the HCOB France Composite PMI saw a modest upward adjustment to 47.8, compared to the preliminary estimate of 47.3, yet it remains below the March figure of 48. This recent data indicates a persistent decline in France's economic activity for the eighth month in a row. The contraction is largely attributed to the weakness in the services sector, which recorded a PMI of 47.3, down from 47.9 in March. Meanwhile, the manufacturing sector displayed signs of a slight recovery, with its PMI rising to 48.7 from 48.5.