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French services activity rises in October

  • French services PMI points to the second sharpest expansion in output since May 2011

French services PMI rose to 57.3 in October up from 57.0 in September as new orders and employment push the PMI higher.

The latest services activity report points to the second-sharpest expansion in service sector output since May 2011.

 “The French service sector’s 2017 rebirth continued into the fourth quarter. Indeed, the rate of activity growth accelerated to a seven-month peak, underpinned by a further sharp expansion in new orders,” Alex Gilles, director at PMI wrote in the report on Monday.

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