French service sector plunges into deepest recession ever - PMI
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PARIS (Reuters) - The French service sector shrank at the fastest rate on record last month as the coronavirus lockdown forced businesses to shut down across the country, a survey showed on Friday.Data compiler IHS Markit said its purchasing managers index for services fell to 27.4 from 52.5 in February, even lower than a preliminary reading of 29.0.The freefall brought the index to its lowest level since the survey began in 1998 and took it far below the 50 point threshold between an expansion..