France PMI Services was finalized at 50.3 in April, up from march’s 48.2. That’s the first expansion reading in eight months. PMI Composite was finalized at 51.6, up from 50.0 in March, first expansion for eight months too.
Eliot Kerr, Economist at IHS Markit said: “The key takeaway from the latest release of PMI data is that following a prolonged period of downturn, underlying demand conditions are now beginning to recover as vaccine roll-outs give firms the confidence to look beyond the crisis. That demand has translated into new business and increased activity levels across the service sector as a whole.”