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French Economy Stalls: Services Sector Holds Firm
21 Nov, 2025
Summary
- France's private sector experienced stagnation in November.
- The services sector showed resilience despite political uncertainty.
- Purchasing Managers' Index reached its best result in over a year.
The French private sector experienced a standstill in its economic activity during November, as indicated by the latest Purchasing Managers' Index. The index registered 49.9, a marginal increase from 47.7 in the prior month, but still signifies a contraction rather than expansion.
Despite persistent political uncertainty surrounding the national budget, the services sector demonstrated notable resilience. This particular segment of the economy managed to hold steady, offering a degree of stability amidst broader economic stagnation. Analysts had anticipated a less favorable outcome for the month.
The overall performance in November, though marked by stagnation, represents the strongest result recorded for the French private sector in more than a year. This nuanced economic picture highlights the contrasting fortunes within different sectors of the French economy.
