{"id":2713,"date":"2025-01-24T12:30:49","date_gmt":"2025-01-24T12:30:49","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=2713"},"modified":"2025-01-24T12:30:50","modified_gmt":"2025-01-24T12:30:50","slug":"french-services-sector-sees-further-contraction-in-january","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/french-services-sector-sees-further-contraction-in-january\/","title":{"rendered":"Contraction in France\u2019s Services Sector: Declining Demand"},"content":{"rendered":"\n<p>According to a report published by S&amp;P Global on Friday, France\u2019s services sector contracted further in January due to weak demand and political instability, adding more pressure on economic activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-decline-in-services-pmi\"><strong>Decline in Services PMI<\/strong><\/h2>\n\n\n\n<p>The HCOB Flash Services PMI Business Activity Index, a key economic performance indicator, fell to 48.9 in January, down from 49.3 in December. This figure was also below analysts&#8217; expectations of 49.3.<\/p>\n\n\n\n<p> <strong>A PMI below 50.0 indicates economic contraction.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-moderate-improvement-in-france-s-private-sector\"><strong>Moderate Improvement in France\u2019s Private Sector<\/strong><\/h3>\n\n\n\n<p>Despite the downturn in the services sector, <strong>France\u2019s private sector as a whole showed signs of recovery<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Composite PMI<\/strong>, which measures combined activity in manufacturing and services, <strong>rose from 47.5 in December to 48.3 in January<\/strong>.<\/li>\n\n\n\n<li>This exceeded <strong>analysts&#8217; expectations<\/strong> of <strong>47.7<\/strong>.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Read more: <a href=\"https:\/\/otetmarkets.com\/blog\/news\/euro-area-inflation-december-2024\/\">Euro Area Inflation Rises to 2.4% in December 2024<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-growth-in-manufacturing\"><strong>Growth in Manufacturing<\/strong><\/h3>\n\n\n\n<p>The <strong>Manufacturing Output Index<\/strong>, which tracks the performance of the manufacturing sector, also improved:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It increased from 41.9 in December to 45.3 in January.<\/li>\n\n\n\n<li>This figure was above forecasts, which had predicted 42.3.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>While France\u2019s services sector remains under pressure due to weak demand and political uncertainty, manufacturing and overall economic activity have shown relative improvement. However, PMI figures below 50 still indicate an ongoing contraction in the French economy.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/news\/economic-indicators\/french-services-sector-sees-further-contraction-in-january-93CH-3828948\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report published by S&amp;P Global on Friday, France\u2019s services sector contracted further in January due to weak demand and political instability, adding more pressure on economic activity. Decline in Services PMI The HCOB Flash Services PMI Business Activity Index, a key economic performance indicator, fell to 48.9 in January, down from 49.3 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37],"class_list":["post-2713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=2713"}],"version-history":[{"count":2,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2713\/revisions"}],"predecessor-version":[{"id":2716,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2713\/revisions\/2716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/2714"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=2713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=2713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=2713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}