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- France's final services PMI climbs to 52.7 in October
France's final services PMI climbs to 52.7 in October
Markit Economics released final services purchasing managers' index (PMI) for France on Wednesday. France's final services purchasing managers' index (PMI) increased to 52.7 in October from 51.9 in September, up from the preliminary reading of 52.3.
The increase was driven by a stronger rise in new business and backlogs of work.
"The French service sector started the fourth quarter on a firmer footing, posting its strongest performance in four months. However, growth remains below-par compared with the survey's long-run trend and, although expansion has been sustained for nine successive months, the sector has thus far failed to generate more than a stuttering recovery," Senior Economist at Markit Jack Kennedy said.
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