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French service sector activity growth accelerates to 46-month high
Business activity in the French service sector continued to increase in June. The latest rise was the fifth in successive months and the sharpest since August 2011. Underpinning the acceleration in activity growth was a faster rise in new business. Backlogs of work also accumulated at a sharper rate, encouraging companies to add further to staffing levels. Panellists’ optimism regarding future activity meanwhile improved to the highest level for over three years. The final seasonally adjusted headline Markit France Services Business Activity Index – which is based on a single question asking respondents to report ... (full story)