French Service Sector Expands Strongly

(RTTNews) - French service sector activity rose at a robust pace in December despite poor weather conditions, new survey data showed on Wednesday.

The Markit services purchasing managers' index fell to a seasonally adjusted 54.9 from 55.0 n November, but higher than the preliminary estimate of 54.1. A reading above 50 indicates expansion while one below suggests contraction.
French service providers reported a strong rebound in incoming new business in December following November's 15-month low.
Meanwhile, the composite PMI edged down to 56.3 in December from 56.4 in the preceding month.