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04.05.2016 16:19

France's final services PMI increases to 50.6 in April

Markit Economics released final services purchasing managers' index (PMI) for France on Wednesday. France's final services purchasing managers' index (PMI) increased to 50.6 in April from 49.9 in March, down from the preliminary reading of 50.8.

The index was mainly driven by rises in new business, backlogs of work and input prices.

"France's service sector expanded at the start of the second quarter, although the pace of growth signalled was marginal. PMI data continue to paint a weaker picture than the latest GDP figures," Senior Economist at Markit Jack Kennedy said.

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