The report from
IHS Markit revealed on Wednesday that activity in France’s services sector rose
at the quickest pace for nine months during August.
According to
the report, the headline
seasonally adjusted IHS Markit France Services Business Activity Index came in
at 53.4 in August, up from 52.6 in July. The reading signaled the fastest
expansion in business activity since last November and one that was solid
overall.
The solid result
was supported by stronger new order growth and a further rise in staff numbers,
the report said. Meanwhile, capacity pressures remained evident, with volumes
of outstanding business expanding for the fourth month in a row. On the price
front, input costs continued to increase sharply, with the rate of inflation
accelerating to a three-month high.