• French private sector expansion picked up in June

Market news

4 July 2018

French private sector expansion picked up in June

The headline seasonally adjusted IHS Markit France Services Business Activity Index registered 55.9 in June, up from May's 16-month low of 54.3. However, the latest reading signalled that business activity growth remained slower than seen on average in 2017. Some survey respondents noted that softer business investment among clients had acted as a headwind to growth.

Trevor Balchin, Economics Director at IHS Markit which compiles the France Services PMI® survey, said: "French private sector expansion picked up in June, driven by a rebound in the services sector that more than offset a further slowdown in manufacturing output growth. Services activity has now outpaced goods production for the fifth month in a row".

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