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- France's final services PMI climbs to 54.1 in June
France's final services PMI climbs to 54.1 in June
Markit Economics released final services purchasing managers' index (PMI) for France on Friday. France's final services purchasing managers' index (PMI) climbed to 54.1 in June from 52.8 in May, in line with the preliminary reading. It was the highest reading since August 2011.
The increase was driven by a rise in new business.
"Activity growth picked up pace further in June, rounding off a solid quarter of expansion in French private sector output. The PMI figures suggest that second quarter GDP will show a further robust expansion following the 0.6% rise seen in Q1," Senior Economist at Markit Jack Kennedy said.
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