French August Service Activity Strongest In Nine Months: PMI

www.oann.com | 6/25/2019 | Staff
fufu-fefefufu-fefe (Posted by) Level 4
PARIS (Reuters) – France’s dominant service sector saw business pick up in August to its strongest pace in nine months as new orders firmed and hiring accelerated, a monthly survey showed on Wednesday.

Data compiler IHS Markit said that its Purchasing Managers’ Index (PMI) for the service sector rose to 53.4, the highest since November 2018 and up from 52.6 in July.

Result - Reading - Month - Index - Threshold

The result was slightly better than a preliminary reading of 53.3 and also marked the fifth month running that the index was above the key 50-point threshold demarcating an expansion in activity from a contraction.

“The faster expansion at service providers was founded...
(Excerpt) Read more at: www.oann.com
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