- French services PMI increased to 48.9 (flash 48.6) in January from 47.8 in December.
- Composite PMI 48.9 (48.5) vs 47.3.
- "The rate of contraction eased as both activity and new business fell to a lesser extent than in December," says Markit. However, "job shedding quickened" while a widening gap between input and output prices implies pressure on profit margins. Business confidence remains "at a historically low level."
- The CAC 40 (EWQ) is +0.2%, while the euro is flat at $1.352. (PR)
French business activity contracts at slower pace
Feb 5 2014, 03:57 ET