France services sector contracts faster than forecast in June

Similarly, Kenya's private sector activity also contracted in June. The Stanbic Purchasing Managers' Index (PMI) for Kenya recorded a reading of 48.6, indicating a decline in overall business activity. This contraction was attributed to a combination of factors, including declining customer demand, which has been a recurring issue. Furthermore, ongoing domestic protests and broader economic challenges within Kenya contributed significantly to the subdued private sector performance.

The contraction in France's services sector points to a challenging economic environment influenced by both domestic political considerations and international geopolitical events. The rapid decline in new business suggests a significant dampening of demand and a cautious approach from clients.

In Kenya, the persistent contraction highlights the impact of internal socio-political instability and economic pressures on business operations. The combination of protests and economic strain creates an environment of uncertainty that negatively affects customer spending and overall business confidence.