The S&P Global France services PMI dropped down to 48 in June 2023 from 52.5 in May, matching flash estimates.

In Italy, The HCOB services PMI fell to 52.2 in June from 54 a month prior and compared to estimates of 53. This continues to point to expansions within the Italian services sector despite client uncertainty and increased interest rates which weighed on sales last month.

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