-
Strong French service sector performance sustained in December
A sharp rate of growth in service sector business activity was sustained during December, according to the latest PMI® survey, and although the expansion was slightly weaker than in November, it was the second-quickest since June. According to firms, the strength of the upturn in business activity was a reflection of accommodative demand conditions. That said, amid a fresh wave of COVID-19 infections, new business growth eased. Meanwhile, price pressures remained acute during December. Output charges rose at the fastest pace since May 2011 amid a further steep increase in operating costs. The seasonally adjusted ... (full story)