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- France's final services PMI declines to 52.0 in July
France's final services PMI declines to 52.0 in July
Markit Economics released final services purchasing managers' index (PMI) for France on Wednesday. France's final services purchasing managers' index (PMI) dropped to 52.0 in July from 54.1 in June, in line with the preliminary reading.
The decline was partly driven by a weaker rise in incoming new business.
"The service sector looks to be still struggling to generate much upward momentum in a persistently subdued demand environment. A return to job cutting and dip in business expectations in the latest survey period suggests that companies are far from convinced about the recovery and that last month's stronger numbers may have been something of a false dawn," Senior Economist at Markit Jack Kennedy said.
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