France’s service sector grows, Germany misses estimate
The services sector in France grew at its fastest pace in January since August of last year, data showed on Friday, beating a flash estimate and December’s final reading. A purchasing managers’ index published by Markit/CDAF also showed the composite index rose more than expected from the preliminary reading but showed business expectations fell to its lowest since March 2009, giving rise to concern over Europe’s second largest economy.
The German services index on the other hand missed a growth estimate, showing growth in services activity grew slower than originally expected.
French services PMI jumped to 52.3 versus a flash reading of 51.7, up from 50.3 the previous month. The composite PMI also rose to 51.2 from a flash estimate of 50.9. German PMI services eased to 53.7 versus a previous flash estimate of 54.5.
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.
