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Markit Economics released final services purchasing managers' index (PMI) for France on Wednesday. France's final services purchasing managers' index (PMI) dropped to 49.8 in December from 51.0 in November, down from the preliminary reading of 50.0.
The index was driven by a slowdown in new business growth and in backlogs of work.
"The French service sector broadly stagnated in December, ending a ten-month run of expanding activity. Anecdotal evidence suggested that a number of businesses continued to be affected by cancellations following the recent terrorist attacks, exerting a drag on new business growth," Senior Economist at Markit Jack Kennedy said.
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