The News Craving
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Reuters UK
Reuters UK
PARIS (Reuters) – Growth in business activity in France’s dominant services sector weakened in May compared to April, a monthly survey showed, as the positive effect of fewer COVID-19 restrictions were offset by inflationary pressures. Data compiler S&P Global said its final purchasing managers index (PMI) for France’s services sector fell to 58.3 points in May from 58.9 in April. A flash estimate had forecast a May services PMI figure of 58.4 points. Any figure above 50 indicates expansion. IHS Markit’s overall composite PMI index, which includes the services and manufacturing sectors, also f…