French Services Sector Slows in October

Growth in France’s dominant services sector slowed more than initially thought in October, a survey showed on Friday, with companies’ efforts to cut prices failing to bring new business as the large hotel and restaurant sector suffered.

Data compiler Markit said its purchasing managers index for services fell to 51.4 from 53.3 in September, worse than a preliminary reading of 52.1.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.