The French service sector experienced a slight setback midway through the second quarter. After rising in April for the first time in nearly a year, activity levels shrank marginally during May. That said, there was a sustained pick-up in sales, driven by domestic demand, while employment continued to rise. The survey's prices measures also showed inflationary pressures cooling across France in May. Rates of increase in input costs and output charges were at their weakest since the July and May of 2021, respectively. The seasonally adjusted HCOB France Services PMI® Business Activity Index – which measures changes in ... (full story)