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

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam