India, April 23 -- France's private sector activity came under renewed pressure in April due to pronounced demand weakness in the domestic market and deteriorating confidence among service providers, flash survey data from S&P Global showed on Wednesday.
The HCOB composite output index registered 47.3 in April, down from 48.0 in March. The reading was expected to ease to 47.8.
The score remained below the threshold 50.0 mark for the eight successive month indicating contraction in output.
The contraction was driven entirely by the service sector as manufacturing output increased for the first time since May 2022.
The services Purchasing Managers' Index slid to 46.8 in April from 47.9 in the previous month. The score was also below forec...