French Business-Activity Gauge Hits Five-Month Low on Iran

French business activity declined at the fastest pace since October as the Iran war threatens to derail the country’s economic revival.

S&P Global’s Composite Purchasing Managers’ Index dropped to 48.3 in March from 49.3 in February — remaining below the 50 mark separating expansion from contraction. Analysts polled by Bloomberg had anticipated a decrease to 49.3.