French business activity contracts at faster pace

French services PMI dropped to 47.2 (flash 46.9) in February from 48.9 in January.

Composite output slipped to 47.9 (47.6) from 48.9.

New business and employment in the services sector fell at sharper rates, says Markit, while "weak client spending was again reported to have weighed on service providers' performance." However, "companies are hopeful of turning the corner in the foreseeable future."

The CAC 40 (EWQ) is -0.1%. (PR)

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Comments (1)
  • brubaker
    , contributor
    Comments (4) | Send Message
    You can not be serious!! "...contracts at a faster paste." PASTE!?? I have noticed what I now feel to be a trend. I withheld commenting on the misspellings before now, but in this case, it appears obvious. Please, this doesn't look good on you. Please use spell/grammar check and/or review postings before publishing them.
    5 Mar 2014, 07:06 AM Reply Like
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